BUZZ-COSCO Shipping Energy falls on co's share sale plan to expand capacity

Reuters01-27

** Shanghai-listed shares of COSCO Shipping Energy Transportation Co Ltd 600026.SS fall as much as 5.2% to 12.04 yuan, their lowest since Jan 10

** Stock on track for a fourth consecutive session of decline, if losses hold

** Co plans to issue up to 1.43 bln A shares to specific target subscribers, including indirect controlling parent China COSCO SHIPPING Corp, raising 8 bln yuan ($1.1 bln) to invest in building 11 carriers to expand LNG shipping capacity

** Co's Hong Kong stock 1138.HK drops 5.5% to HK$6.91, its lowest since Jan 10, and marks biggest intraday pct drop since Oct 9, 2024

** In China, the blue-chip CSI 300 Index .CSI300 adds 0.1% and the Shanghai Composite Index .SSEC gains 0.3%

** In Hong Kong, Hang Seng Commerce & Industry Index .HSNC rises 1.3%, and Hang Seng Index .HSI climbs 1%

** Shanghai stock eased 5.2% last year while Hong Kong shares fell 15.6%

($1 = 7.2636 Chinese yuan)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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