Date
21 October 2017

CSC Nanjing Tanker faces delisting due to losses, paper says

CSC Nanjing Tanker Corp. (600087.CN) said late Monday that its net loss for the first three quarters this year amounted to 984 million yuan (US$161.48 million, and that it is likely to incur a net loss for the full year due to weak international oil transportation market and high finance costs, the Securities Times reported Monday. The company’s listing status had been suspended temporarily as it sustained back to back losses for the three years between 2010 and 2012. If the firm reports a loss for 2013, the listing could be terminated by the authorities, the report said.

– Contact HKEJ at [email protected]

EL/AC/RC

 

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