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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, with the net proceeds primarily allocated towards funding logistics infrastructure projects and repaying bank borrowings. The company has utilized a portion of the funds for the development of JILH Phase II and has fully repaid its bank borrowings, indicating a strategic focus on strengthening its logistics capabilities and financial position.
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 and acquisition of logistics infrastructure and investment opportunities. The company is part of a larger group that provides comprehensive shipping and logistics services.
Average Trading Volume: 8,566,835
Technical Sentiment Signal: Sell
Current Market Cap: S$541.9M
See more data about F83 stock on TipRanks’ Stock Analysis page.