Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
COSCO SHIPPING Energy Transportation Co ( (HK:1138) ) just unveiled an announcement.
COSCO SHIPPING Energy Transportation Co., Ltd. has successfully completed the issuance of A Shares to specific target subscribers, raising gross proceeds of approximately RMB8 billion. This issuance, which represents about 12.71% of the company’s issued share capital, aims to strengthen its financial position and support its strategic initiatives. The new shares were issued at a price of RMB11.52 each, and the proceeds will be allocated according to the company’s outlined plans. This move is expected to enhance COSCO SHIPPING’s market positioning and ensure compliance with public float requirements.
The most recent analyst rating on (HK:1138) stock is a Buy with a HK$11.50 price target. To see the full list of analyst forecasts on COSCO SHIPPING Energy Transportation Co stock, see the HK:1138 Stock Forecast page.
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. It operates in the energy transportation industry, focusing on the shipping of oil and gas. The company is listed on the Hong Kong Stock Exchange and is known for its significant presence in the maritime transport sector.
Average Trading Volume: 29,951,395
Technical Sentiment Signal: Buy
Current Market Cap: HK$61.03B
For an in-depth examination of 1138 stock, go to TipRanks’ Overview page.