Cosco Shipping Corp has put a price tag on the sale of three shipyards to parent CoscoCS as it reported a bigger loss in the first quarter.
The Singapore-listed company will bank CNY 1.47bn ($212.4m) from the sale of its stakes in Cosco Shipyard Group, Cosco Nantong Shipyard and Cosco Dalian Shipyard.
Gu Jing Song, president of Cosco Shipping Corp, said: “China Cosco Shipping is restructuring its shipyard business to centralize operations and management.
