Independent journal on economy and transport policy
01:34 GMT+2
COSCO PACIFIC CUTTING BACK ON ACQUISITION PROGRAMME
(Shipping Times)
December 1, 1997
[HONGKONG]
Cosco Pacific Ltd, the Hongkong arm of China's biggest shipping company, says plunging international markets have crimped its ambitious acquisition programme.
"We can't raise funds or issue new shares with the market like this," said vice-chairman Zhang Dachun.
"Would you buy shares? If so, I'd be happy to sell you some," he ...... Read more on Shipping Times
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