COSCO SHIPPING International (Singapore) (SGX:F83) utilized another SG$3.8 million to partially fund the Jurong Island Logistics Hub Phase II, according to a Thursday filing with the Singapore Exchange.
The amount was used from the net proceeds of around SG$272 million raised through the renounceable non-underwritten rights issue of around 2.24 billion shares.
Following the recent utilization, the remaining proceeds are around SG$107.2 million.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments