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COSCO Shipping International Singapore Co Ltd ( (SG:F83) ) has provided an update.
COSCO Shipping International Singapore Co Ltd has successfully raised approximately S$272.2 million through a rights issue, after deducting expenses. The net proceeds are being utilized to partially fund logistics infrastructure projects, including the development of JILH Phase II, and to repay bank borrowings. This financial maneuver is expected to strengthen the company’s operational capabilities and enhance its market position by expanding its logistics infrastructure and reducing debt.
More about COSCO Shipping International Singapore Co Ltd
COSCO Shipping International Singapore Co Ltd operates in the logistics and shipping industry, focusing on the construction, acquisition, and development of logistics infrastructure. The company is part of a larger group that provides a range of shipping and logistics services.
Average Trading Volume: 4,354,475
Technical Sentiment Signal: Strong Sell
Current Market Cap: S$537.4M
See more data about F83 stock on TipRanks’ Stock Analysis page.