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China COSCO says in talks to sell shares to parent

(Reuters)
Updated: 2007-07-27 08:46

China COSCO Holdings Co. Ltd. said on Thursday it is in talks to sell domestic, yuan-denominated A shares to its state parent, a deal that sources told Reuters would help fund a purchase of its parent's dry bulk carrier business.

Trading in the shares were suspended and are expected to resume on Friday.



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