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COSCO Shipping International Singapore Co Ltd ( (SG:F83) ) just unveiled an update.
COSCO Shipping International Singapore Co Ltd has announced the successful raising of approximately S$272.2 million through a renounceable non-underwritten rights issue. The proceeds are earmarked for partially funding the construction or acquisition of logistics infrastructure, including the development of Jurong Island Logistics Hub Phase II, and repaying bank borrowings. This strategic financial move is expected to enhance the company’s logistics capabilities and strengthen its financial position.
More about COSCO Shipping International Singapore Co Ltd
COSCO Shipping International Singapore Co Ltd operates within the logistics and shipping industry, focusing on the development and management of logistics infrastructure and investment opportunities.
Average Trading Volume: 6,200,700
Technical Sentiment Signal: Sell
Current Market Cap: S$550.9M
For detailed information about F83 stock, go to TipRanks’ Stock Analysis page.