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2013 March 12   10:16

China COSCO to sell a 100% interest in COSCO Logistics to controlling shareholder

China COSCO Holdings Company Limited put forth a preliminary proposal in an announcement to sell a 100% interest in its directly-owned subsidiary COSCO Logistics Co., Ltd. to its controlling shareholder China Ocean Shipping (Group) Company, the company reports. The board of directors has approved commencing with related processes. Details of the proposed transaction are still in negotiation.

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