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The Straits Times / The Business Times News on Cosco

Cosco executes yuan loan guarantee

17 November 2005
The Business Times

COSCO Corporation (Singapore) says it has executed a corporate guarantee amounting to $130 million as security for a three-year term-loan facility of about 1.2 billion yuan (about S$255 million) granted to its 51 per cent owned subsidiary Cosco Shipyard Group. The loan is from Export and Import Bank of China.