Marine Link
Saturday, September 24, 2016

CP Ships Denies Reports of Acquisition

March 3, 2003

CP Ships Limited announced that it does not intend to acquire Kien Hung. Growth through selective acquisition is a well-known element of CP Ships' overall business strategy. Therefore, at any given time a number of possible transactions are likely to be under consideration and there is on occasion rumor of its possible interest in particular businesses. As a matter of policy, CP Ships does not usually comment on such rumors or associated reports. However, in light of a number of recent inaccurate reports of a definitive transaction between CP Ships and Kien Hung, an exception is being made in this case.


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