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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 successful raising of approximately S$272.2 million through a rights issue, after deducting associated costs. The funds will be used to partially finance logistics infrastructure projects, including the development of JILH Phase II, and to repay bank borrowings, which has implications for strengthening the company’s financial position and expanding its operational capabilities.
The most recent analyst rating on (SG:F83) stock is a Hold with a S$0.12 price target. To see the full list of analyst forecasts on COSCO Shipping International Singapore Co Ltd stock, see the SG:F83 Stock Forecast page.
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.
Average Trading Volume: 2,884,136
Technical Sentiment Signal: Strong Sell
Current Market Cap: S$532.9M
For detailed information about F83 stock, go to TipRanks’ Stock Analysis page.