COSCO SHIPPING Energy Transportation Co ( (HK:1138) ) has provided an update.
COSCO SHIPPING Energy Transportation Co., Ltd. has announced a class meeting for holders of H Shares to discuss and approve a proposal for the issuance of A Shares to specific target subscribers in 2025. This strategic move aims to raise capital by issuing shares to a maximum of 35 specific investors, including its indirect controlling shareholder, COSCO SHIPPING. The issuance is subject to approval by the Shanghai Stock Exchange and the CSRC, and is expected to enhance the company’s financial flexibility and strengthen its market position.
More about COSCO SHIPPING Energy Transportation Co
COSCO SHIPPING Energy Transportation Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China, operating in the energy transportation industry. The company primarily focuses on the transportation of oil and gas, leveraging its fleet to serve global markets.
YTD Price Performance: 11.36%
Technical Sentiment Signal: Hold
Current Market Cap: $6.72B
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