COSCO Intl. Holdings Gets Acquisitive

COSCO International Holdings Ltd is engaged in talks to acquire COSCO Network Ltd., a global transportation, logistics and communications network, from its parent company China Ocean Shipping (Group) Co. COSCO International also said in a statement that it is considering the acquisition of other technology, environmental protection and Internet assets. The shipping container leasing and handling company said it made the announcement in response to newspaper reports on about these possible transactions.