Cosco Shipping Energy to Inject 1.018 Billion Yuan into Hainan Subsidiary

Stock News05-26 18:05

Cosco Shipping Energy Transportation Co., Ltd. (600026.SH) has announced a capital increase of 1.018 billion yuan into its wholly-owned subsidiary, Hainan Cosco Shipping Energy Transportation Co., Ltd. The funds are sourced from the company's 2025 private placement of A-shares to specific investors. This capital injection is designated for milestone payments related to the fundraising projects "Investment in the Construction of 6 VLCCs" and "Investment in the Construction of 3 Aframax Crude Oil Tankers."

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