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11 December 2018 The on-line newspaper devoted to the world of transports 12:00 GMT+1

November 6, 2017

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Original news
COSCO Shipping International anticipates an offer in order to acquire the logistic group Cogent Holdings

Undersigned also an agreement in order to buy the Indonesian PT Global Ocean Shipping

the COSCO Shipping International (Singapore) Co., society that takes part of shipowning group Chinese COSCO Shipping, has introduced an offer in order to acquire the entire capital of the logistic group Cogent Holdings Ltd. (CHL) of Singapore. The proposal previews the acquisition of 478,5 million actions to the unit price of 1,02 dollars of Singapore, for a total pairs to 490 million dollars of Singapore (USA 359 million dollars).

COSCO Shipping International has announced that to have obtained within past friday the irrevocable engagement to accept the offer from shareholders whom posseggono altogether 403,5 million it sets in action, pairs to 84.33% of the CHL capital.

the Chinese company has specified that if the acquisition came capacity to term will be started the procedure for the delisting of Cogent Holdings from the list of the Stock exchange of Singapore in which it has entered at the beginning of 2010.

Moreover COSCO Shipping International has communicated to have undersigned friday an agreement with the COSCO Shipping (South East Asia) Pte Ltd, society integrally controlled from China COSCO Shipping Corporation, in order to buy 40% of the capital of marine and logistic society Indonesian PT total Global Ocean Shipping for 13,9 million dollars of Singapore approximately (USA 439 thousand dollars).

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