COSCO SHIPPING International (Singapore) Co., Ltd. said on Oct, 15 2025 that it has applied an additional 1.85 million Singapore dollars from the net proceeds of its renounceable non-underwritten rights issue of 2.24 billion new shares.

The company had raised 272.2 million Singapore dollars after expenses. To date, 155.69 million Singapore dollars has been used, leaving a balance of 116.51 million Singapore dollars.

The latest amount was channelled to partially fund the construction or acquisition of logistics infrastructure, including the development of JILH Phase II. Earlier, 149.91 million Singapore dollars had been used to repay bank borrowings, while 3.93 million Singapore dollars had already been allocated to logistics-related projects.

COSCO SHIPPING International said it will continue to provide periodic updates on the remaining proceeds.