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Phillip says Cosco's offer for Cogent 'uncompelling'

PC Lee
PC Lee11/6/2017 11:51 AM GMT+08  • 3 min read
Phillip says Cosco's offer for Cogent 'uncompelling'
SINGAPORE (Nov 6): Phillip Capital advises shareholders to reject the offer by Cosco Shipping International to take over Cogent and delist the logistics player.
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SINGAPORE (Nov 6): Phillip Capital advises shareholders to reject the offer by Cosco Shipping International to take over Cogent and delist the logistics player.

Instead, they should take partial profit and hold out for a failed delisting.

Cosco on Friday made a voluntary offer for all the shares of Cogent, saying the offer price of $1.02 is final. Cosco also does not intend to maintain the listing status of Cogent.

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