COSCO SHIPPING International (Singapore) Co., Ltd has announced a renounceable, non-underwritten rights issue of 2.2 billion new ordinary shares. This significant move aims to bolster the company’s capital base and support its ongoing business operations. The announcement was made on 15 October 2025 and has been detailed on the company’s Investor Relations website.
The rights issue allows existing shareholders the opportunity to purchase additional shares, potentially increasing their stake in the company. This strategy is often employed by companies to raise funds without incurring debt, thereby strengthening their financial position. The proceeds from this rights issue will be utilised to further the company’s strategic initiatives and operational needs.
Investors are encouraged to visit the COSCO SHIPPING International Singapore Investor Relations website for more detailed information regarding the rights issue and its implications. The company has not provided specific details on the allocation or pricing of the new shares at this time.
This development is a crucial step for COSCO SHIPPING as it seeks to enhance its financial flexibility and support its growth objectives. The rights issue reflects the company’s commitment to maintaining a robust capital structure whilst providing value to its shareholders.
