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COSCO Shipping International Singapore Co Ltd ( (SG:F83) ) has shared an announcement.
COSCO Shipping International Singapore Co Ltd announced the successful completion of a rights issue, raising approximately S$272.2 million in net proceeds. The company plans to use a portion of these funds to repay bank borrowings, with the remaining amount allocated to the development of logistics infrastructure, including the Jurong Island Logistics Hub Phase II. This strategic financial move is expected to enhance the company’s operational capabilities and strengthen its position in the logistics sector.
More about COSCO Shipping International Singapore Co Ltd
COSCO Shipping International Singapore Co Ltd operates in the shipping and logistics industry, focusing on providing comprehensive shipping services and developing logistics infrastructure. The company is part of a larger group that engages in various shipping-related activities.
Average Trading Volume: 8,656,641
Technical Sentiment Signal: Strong Sell
Current Market Cap: S$546.4M
See more insights into F83 stock on TipRanks’ Stock Analysis page.