Cogent Holdings

Cosco says it will look for opportunities to expand its logistical networks through strategic acquisitions and investments.

SINGAPORE (Jan 2): The offer by Cosco Shipping International (Singapore) Co. to acquire all the issued ordinary shares of Cogent Holdings has turned unconditional.

SINGAPORE (Dec 18): The Singapore Exchange is set to hike annual membership fees for derivatives trading from Jan 2. This marks the first revision to member fees in 15 years. Fees could go up by more than tenfold, according to a report in The Business Tim

SINGAPORE (Dec 4): Logistics player Cogent Holdings reported a 4% y-o-y rise in revenue to $35.3 million for 3QFY2017 ended September, but earnings fell 6% to $7.4 million. The group saw better volumes in the container depot management and transport manag

SINGAPORE (Nov 28): Phillip Capital is sticking to its guns, advising Cogent shareholders to  reject the $1.02 cash offer from Cosco Shipping International.

SINGAPORE (Nov 10): At least one new deal has been announced every day over the last week, with the largest being COSCO Shipping International (Singapore)’s $488 million offer for logistics services provider Cogent Holdings on Nov 3.

(Nov 13): It has been an interesting week of results for our Singapore Market Portfolio, with two of our larger-cap holdings hitting new highs after reporting their 3QFY2017 numbers. Meanwhile, another one of our holdings benefited from an offer.

SINGAPORE (Nov 6): Phillip Capital advises shareholders to reject the offer by Cosco Shipping International to take over Cogent and delist the logistics player.

SINGAPORE (Nov 3): Cosco Shipping International has made a voluntary conditional cash offer to acquire all the issued ordinary shares of Cogent Holdings for $488.07 million.

(Sept 18): This past week, one of our Portfolio companies had attracted some attention over a new business venture. On Sept 7, logistics services company Cogent Holdings announced that it has been awarded a three-year lease tender by the Singapore Land Au