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    SembCorp buys 30 per cent of China's Cosco shipyard group

    Yard News // August 6, 2004
    SembCorp Marine has acquired a 30 per cent equity stake in the enlarged capital of China Ocean Shipping Co (Cosco) shipyard group.

    The Group, which specialises in repair and conversions, owns five major shipyards in China.

    The agreement includes a net consideration US$29 million, and transfer of a 20 per cent stake that SembCorp owned in the Cosco Dalian Shipyard.

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