Parent company throws Cosco Shipping a lifeline

DBS is maintaining its “hold” call on Cosco Shipping International (S) after the proposed buyout of shipyard units by its parent eliminates insolvency risk.

UMW-OG gets $74m loan from parent

Showing that it helps to have a strong parent, beleaguered jack-up player UMW Oil and Gas (UMW-OG) was given a...

Sainty Marine hung out to dry by parent company

Financially troubled shipyard Sainty Marine has announced that an RMB300m loan it took from its parent Jiangsu...

Kuala Lumpur-headquartered Nam Cheong has scrapped a third quarter profit attributable to owners of the parent of MYR6,0

The writing seems to be on the wall for smaller players in the oil and gas (O&G) industry in Malaysia, with Petronas president and ceo Wan Zulkiflee Wan Ariffin repeating calls for more consolidation, local reports said. ...

Yantian Port seeks loan from parent firm

China’s Yantian Port is planning to take up a loan of RMB1bn ($162.7m) from its parent Yantian Port Group...

CS Haisheng turns to parent firm for loan

China Shipping Haisheng (CS Haisheng) has turned to its parent firm China Shipping Group for...