Stock Name: CoscoCorp
Company Name: COSCO CORPORATION (S) LTD
Research House: CIMB
Company Name: COSCO CORPORATION (S) LTD
Research House: CIMB
CIMB in a Mar 28 research report says: "Cosco Nantong has surprised us by signing a letter of intent (LOI) with Sevan Marine to construct two Sevan 650 drilling units for US$525 million each with options for two more; we were originally expecting a contract award for only one unit. Signing of the final contracts is subject to the listing of Sevan Drilling.
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