China: COSCO Shipping plans $2b share sale to build ships

China: COSCO Shipping plans $2b share sale to build ships

Stacked containers, the Port of Le Havre, Seine Maritime, France, Thursday, November 1, 2006. Photographer: Andrew Wheeler/Bloomberg News

COSCO Shipping Holdings said on Monday it would raise 12.9 billion yuan ($2 billion) through a share sale to build new ships as it returned to profit for the first nine months of the year.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter