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Revisions

Cosco Shipping's offer for all shares of Cogent turns unconditional

M&A

Cosco Shipping's offer for all shares of Cogent turns unconditional

PC Lee Published on Tue, Jan 02, 2018 / 10:07 PM GMT+8

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SINGAPORE (Jan 2): The offer by Cosco Shipping International (Singapore) Co. to acquire all the issued ordinary shares of Cogent Holdings has turned unconditional.

See: Cogent gets $1.02 per share cash offer from Cosco Shipping

In a Tuesday night filing, Bank of China (Singapore Branch), acting on behalf of Cosco Shipping International, says as at 5pm, the offeror has received valid acceptances representing 440.5 million shares or 92.05% of Cogent.