COSCO Pacific looks to drum up cash

2013-01-23

COSCO Pacific Finance Company Limited, a wholly-owned subsidiary of COSCO Pacific, is looking to issue notes and is expected to commence a series of roadshows starting today, the company said in a filing to the Hong Kong Exchange.
The amount, terms and conditions of the proposed notes issue have not been determined yet. The notes issue will be used primarily for the capital investment for the expansion of the group’s terminal and container leasing business, and also the repayment of its existing debtss and general corporate purposes.
Cosco Pacific has been linked recently with ploughing vast amounts of money into Greece’s Piraeus port, a place it already has a concession in. 
 

-- Source from Sino Ship News

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