COSCO SHIPPING Energy Transportation Co ( (HK:1138) ) has provided an announcement.
COSCO SHIPPING Energy Transportation Co., Ltd. has announced an extraordinary general meeting to discuss several key resolutions. These include the approval of shipbuilding contracts for various types of oil tankers and the proposed issuance of A Shares to specific target subscribers. The issuance aims to strengthen the company’s financial position and involves a select group of investors, including its indirect controlling shareholder, COSCO SHIPPING. This strategic move is expected to bolster the company’s operational capabilities and market presence.
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 shipping industry. The company focuses on the transportation of energy products, including crude oil and product oil, and is involved in shipbuilding activities to enhance its fleet capabilities.
YTD Price Performance: 11.36%
Technical Sentiment Signal: Hold
Current Market Cap: $6.72B
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