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COSCO Shipping International Singapore Co Ltd ( (SG:F83) ) has shared an announcement.
COSCO Shipping International Singapore Co Ltd has announced the dispatch of a notification letter and rights issue forms to entitled shareholders as part of its renounceable non-underwritten rights issue. This initiative involves the issuance of up to 2,239,244,954 new ordinary shares, aimed at raising capital and potentially strengthening the company’s financial position. However, foreign shareholders will not be eligible to participate in this rights issue, as the documents will not be dispatched outside Singapore, reflecting the company’s adherence to local securities legislation.
More about COSCO Shipping International Singapore Co Ltd
COSCO Shipping International Singapore Co Ltd operates within the shipping and logistics industry, focusing on providing comprehensive shipping services and solutions. The company is part of a larger group that aims to enhance its market presence in the global shipping sector.
Average Trading Volume: 1,460,820
Technical Sentiment Signal: Strong Sell
Current Market Cap: S$546.4M
For a thorough assessment of F83 stock, go to TipRanks’ Stock Analysis page.