
Date of Lifting of Trading Halt * | 28-03-2011   |
Time of Lifting of Trading Halt * | 0900 hours   |
rotijai ( Date: 25-Mar-2011 16:21) Posted:
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let's see if it will unhalt today :)
btw, congras master isolator
Isolator ( Date: 25-Mar-2011 16:17) Posted:
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It will  unhalt today.... Or else they will not halt today...  I see above 2.10 when open....
I see. Looking forward bro :)
  Thanks for the advice so far, really helpful.
Isolator ( Date: 25-Mar-2011 16:13) Posted:
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we that unhalt it today??? i doubt so right. 
Brother!
Am I right?
hahaha!
goldenpiggy ( Date: 25-Mar-2011 15:49) Posted:
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I have already bought a lot....  From losing short position to long position at 1.95....
I need to see the price after halt to advise whether can still buy or not.....
bro isolator, will u buy more when the halt cleared?
Great news... A special break.... Enjoy....
COSCO SIGNS LETTER OF INTENT FOR SEVAN 650 DRILLING UNITS
The Board of Directors of COSCO Corporation (Singapore) Limited (the
“Company”) wishes to announce that its subsidiary, COSCO Nantong Shipyard
Co., Ltd. (“COSCO Nantong”) (being a subsidiary of the Company’s 51% owned
subsidiary, COSCO Shipyard Group Co., Ltd) had signed a letter of intent (“LOI”)
dated 24 March 2011 with Sevan Drilling Rig V Pte Ltd and Sevan Drilling Rig VI
Pte Ltd in respect of 2 turn-key EPC (Engineering, Procurement and
Construction) contracts (the “EPC Contracts”) pursuant to which COSCO
Nantong will undertake to perform EPC and installation for delivery of two drilling
units based on the Sevan design (Sevan 650). The contract price for each
drilling unit is approx. USD525 million.
In addition, under the LOI, COSCO Nantong has also granted options to the
Sevan Drilling Group or its nominees pursuant to which the option holders may
order up to 2 drilling units similar to those under the EPC Contracts at a price of
approx. USD525 million per unit.
The effectiveness of the EPC Contracts is subject to the board approval of each
of Sevan Drilling Rig V Pte Ltd and Sevan Drilling Rig VI Pte Ltd and the board
approval of COSCO Nantong.
Formal agreements for the EPC Contracts and the options are expected to be
signed at a later date.
Deliveries of the drilling units under the EPC Contracts are expected to take
place in the fourth quarter of 2013 and second quarter of 2014, respectively.
None of the directors or controlling shareholders of the Company has any
interest, direct or indirect in the above transactions.
The above transactions are not expected to have a material impact on the net
tangible assets and earnings per share of the Company for the year ending 31st
December 2011.
By Order of the Board
Jiang Li Jun
Vice-Chairman and President
25 March 2011
The Board of Directors of COSCO Corporation (Singapore) Limited (the
“Company”) wishes to announce that its subsidiary, COSCO Nantong Shipyard
Co., Ltd. (“COSCO Nantong”) (being a subsidiary of the Company’s 51% owned
subsidiary, COSCO Shipyard Group Co., Ltd) had signed a letter of intent (“LOI”)
dated 24 March 2011 with Sevan Drilling Rig V Pte Ltd and Sevan Drilling Rig VI
Pte Ltd in respect of 2 turn-key EPC (Engineering, Procurement and
Construction) contracts (the “EPC Contracts”) pursuant to which COSCO
Nantong will undertake to perform EPC and installation for delivery of two drilling
units based on the Sevan design (Sevan 650). The contract price for each
drilling unit is approx. USD525 million.
In addition, under the LOI, COSCO Nantong has also granted options to the
Sevan Drilling Group or its nominees pursuant to which the option holders may
order up to 2 drilling units similar to those under the EPC Contracts at a price of
approx. USD525 million per unit.
The effectiveness of the EPC Contracts is subject to the board approval of each
of Sevan Drilling Rig V Pte Ltd and Sevan Drilling Rig VI Pte Ltd and the board
approval of COSCO Nantong.
Formal agreements for the EPC Contracts and the options are expected to be
signed at a later date.
Deliveries of the drilling units under the EPC Contracts are expected to take
place in the fourth quarter of 2013 and second quarter of 2014, respectively.
None of the directors or controlling shareholders of the Company has any
interest, direct or indirect in the above transactions.
The above transactions are not expected to have a material impact on the net
tangible assets and earnings per share of the Company for the year ending 31st
December 2011.
By Order of the Board
Jiang Li Jun
Vice-Chairman and President
25 March 2011
shortist must be die if like this..
Peg_li ( Date: 25-Mar-2011 16:06) Posted:
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can buy some more after half trading cleared? :D
http://cosco.listedcompany.com/newsroom/20110325_160116_F83_9A0A310C03CA3BA14825785E00235149.1.pdf
Peg_li ( Date: 25-Mar-2011 16:05) Posted:
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where u see the news from????
more than billion sevan driller business.
wah!
When will the **trading halt** mode clear off?   Anyone knows?
wah good news coming arh must tell my friend she bought i think
it is inside DBS analyse report!
Soon or later this year, coscorp will get big contract from offshore oil buisness.
that is why I keep on reconmending this one!
monk999 ( Date: 25-Mar-2011 15:51) Posted:
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hehe..true
but there's no huge sell down..
so even if the news is bad.. shouldnt be as bad as other pennies
Isolator ( Date: 25-Mar-2011 15:46) Posted:
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i dont see it. i only see this and its outdated
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Peg_li ( Date: 25-Mar-2011 15:48) Posted:
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