FilingReader Intelligence

Cosco Shipping Energy plans $1bn share issuance

March 27, 2025 at 05:31 PM UTC•By FilingReader AI

Cosco Shipping Energy Transportation (HKEX: 1138) is proposing to issue A shares to specific target subscribers, including a connected transaction with parent COSCO Shipping, to raise up to RMB 8 billion (approximately $1.1 billion USD). The proceeds will fund the construction of six VLCCs, two LNG carriers, and three Aframax crude carriers.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

Primary Source Document

(1) Proposed Issuance of A Shares to Specific Target Subscribers under the Specific Mandate and Connected Transaction; (2) Discloseable and Connected Transactions - Construction of Six Oil Tankers; and (3) Notices of Extraordinary General Meeting and H Shares Class MeetingMarch 24, 2025 at 10:58 AM UTC

Cosco Shipping Energy Transportation

HKEX:1138•Hong Kong Exchange

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