COSCO Shipping International (Singapore) Co., Ltd has announced a renounceable, non-underwritten rights issue involving 2.24 billion new ordinary shares. This strategic move aims to bolster the company’s capital base, providing existing shareholders the opportunity to purchase additional shares. The announcement was made on 29 September 2025 and is available on the company’s Investor Relations website.
The rights issue is designed to raise funds that will be utilised for various corporate purposes, enhancing the company’s financial flexibility. By offering these new shares, COSCO Shipping seeks to strengthen its capital structure and support future growth initiatives.
The rights issue is non-underwritten, meaning it does not have a guarantee from underwriters to purchase any unsubscribed shares. This approach allows the company to manage costs associated with the issuance whilst still providing shareholders with the option to increase their investment in the company.
This announcement is significant for investors as it reflects COSCO Shipping’s commitment to maintaining a robust financial position and pursuing growth opportunities. The proceeds from the rights issue will be allocated to strategic investments and operational enhancements, positioning the company for long-term success.
