Cosco Shipping Energy greenlights share issuance plan

COSCO SHIPPING Energy Transportation (SSE:600026) secured shareholder approval for its A-share issuance plan at the company's First Extraordinary General Meeting of Shareholders in 2025, the First A Shareholders’ Class Meeting in 2025 and the First H Shareholders’ Class Meeting in 2025. Key resolutions passed included the approval of the A-share issuance, the use of proceeds, and related matters such as the type and par value of shares, issuance method, and pricing principles. The company also obtained waivers for certain parties from mandatory tender offer obligations. The independent non-executive directors provided an opinion that was in favour of the resolution. There were 1,506 attendees, representing 62.3892% shares of the company. Legal counsel affirmed the validity of the meeting's proceedings and resolutions.