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COSCO Shipping International Singapore Co Ltd ( (SG:F83) ) just unveiled an announcement.
COSCO Shipping International Singapore Co Ltd announced that its wholly owned subsidiary, SH Cogent Logistics Pte. Ltd., has accepted a bank facility from Bank of China Limited, Singapore Branch. This S$18 million one-year term loan will be used to refinance SH Cogent’s existing bank loans and for general working capital. The facility is secured by a corporate guarantee from COSCO Shipping International Singapore Co Ltd and additional security documents as required by the bank. This refinancing move is aimed at improving SH Cogent’s financial stability and ensuring continuous operations.
More about COSCO Shipping International Singapore Co Ltd
COSCO Shipping International Singapore Co Ltd is a company incorporated in Singapore, operating in the logistics industry. It offers various logistics services through its subsidiaries, focusing on providing comprehensive solutions to meet the needs of its clients.
YTD Price Performance: -2.86%
Average Trading Volume: 1,758,422
Technical Sentiment Consensus Rating: Buy
Current Market Cap: S$304.5M
See more data about F83 stock on TipRanks’ Stock Analysis page.