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The option contracts, valued at approximately USD60 million, were from a Singapore based company. Save for their respective shareholdings in the Company, none of the directors or controlling shareholders of the Company has any interest, direct or indirect in the option contracts. Barring any unforeseen circumstances, the option contracts are not expected to have a material impact on the net tangible assets and earnings per share of the Company for the year ending 31 December 2014. By Order of the Board Wu Zi Heng Vice Chairman and President 17 February 2014 Cosco Corporation (Singapore) Limited |
