HONG KONG-LISTED China Cosco Holdings, the mainland's biggest container line, will offer 1.5 billion shares for sale to help fund CNY7.7 billion (US$974 million) in spending on new ships and acquiring control of Cosco Logistics from its affiliated China Ocean Shipping Group, the company declared in a statement to the stock exchange. The company's first-half profit fell on lower freight rates and a revenue slip from its port subsidiary.
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