The Board of Directors of COSCO Corporation (Singapore) Limited (the “Company”) is pleased to announce that COSCO (Dalian) Shipyard Co., Ltd., a subsidiary of the
Company’s 51% owned subsidiary, COSCO Shipyard Group Co., Ltd, has secured a contract valued over USD180 million from an Asian company to build one (1) Jackup
Cosco Corporation Secures Contract Valued Over
USD180 Million For One (1) Jackup Drilling Rig
17 October 2013
The rig is scheduled for delivery in the 3rd quarter of 2015. None of the directors or controlling shareholders of the Company has any interest, direct or indirect in the contract.
Barring any unforeseen circumstances, the contract is not expected to have a material impact on the net tangible assets and earnings per share of the Company for the year ending 31 December 2013.
Cosco Corporation (Singapore) Limited, press release