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Cosco restructures LNG shipping business to avoid US sanctions

Sanctioned Cosco Shipping Tanker (Dalian) has transferred its 50% holdings in China LNG Shipping to its listed parent Cosco Shipping Energy Transport. After the ownership restructuring, the joint venture is no longer being classified as a ‘blocked person’

But the move has not perked up CSET’s share price on both the Shanghai and Hong Kong bourses

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