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16 December 2019 The on-line newspaper devoted to the world of transports 14:35 GMT+1



DECEMBER 1, 1997

COSCO PACIFIC CUTTING BACK ON ACQUISITION PROGRAMME

[HONGKONG]

Cosco Pacific Ltd, the Hongkong arm of China's biggest shipping company, says plunging international markets have crimped its ambitious acquisition programme.

"We can't raise funds or issue new shares with the market like this," said vice-chairman Zhang Dachun.

"Would you buy shares? If so, I'd be happy to sell you some," he ......
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