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No dividend for shareholders as COSCO Shipping posts 1.4b loss in 2016
Shanghai-listed COSCO Shipping Holdings Company, a unit of China Cosco Shipping Corporation Limited (Cosco Shipping), has reported a loss of $1.4 billion in its annual report for 2016. As a result the company proposed that no dividend is distributed this year. The loss was mainly attributed to the challenges posed by the complexity of the company’s reform and reorganization along with the grave …
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