Thursday, June 01, 2006

Stock News: Cosco Corp secured contracts worth 114.7 mln usd!

COSCO Corp (Singapore) Ltd may advance after its unit COSCO Shipyard Group secured several contracts totalling 114.7 mln usd. "The high-yielding ship repair, conversion and offshore marine engineering projects we have secured will contribute positively to group revenue and profitability in the current financial year," company president Ji Hai Sheng said.

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