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COSCO SHIPPING Energy Transportation Co ( (HK:1138) ) just unveiled an update.
COSCO SHIPPING Energy Transportation has amended its Articles of Association to reflect the completion of a previously approved A-share issuance to specific subscribers, which increased its total issued share capital to 5,465,220,839 shares, equivalent to RMB5,465,220,839 in registered capital. The technical adjustments primarily update the stated registered capital in the Articles and keep historical share capital information intact, formalizing the enlarged capital base following the issuance of 694,444,444 new A shares; this confirms the company’s strengthened equity position and may have implications for shareholder structure and future financing flexibility, but does not alter the existing breakdown of prior share issuances or their historical proportions between domestic and overseas investors.
The most recent analyst rating on (HK:1138) stock is a Buy with a HK$15.00 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 PRC-incorporated joint stock company listed in Hong Kong that operates in the energy shipping and transportation sector, focusing on the carriage of oil and related energy commodities. It issues both A shares and H shares to access mainland Chinese and international capital markets, using equity and convertible bond financings to support its fleet and business expansion.
YTD Price Performance: 33.96%
Average Trading Volume: 27,454,309
Technical Sentiment Signal: Buy
Current Market Cap: HK$83.34B
See more data about 1138 stock on TipRanks’ Stock Analysis page.