COSCO SHIPPING Energy (1138) Completes A Share Issuance, Raising Net Proceeds of RMB7.98 Billion

Bulletin Express

2025/10/23

On 22 October 2025, COSCO SHIPPING Energy Transportation Co., Ltd. (Stock Code: 1138) completed its A Share issuance to specific target subscribers, issuing a total of 694,444,444 A Shares at RMB11.52 per share. Following the issuance, these new shares account for approximately 12.71% of the company’s total issued share capital.

The gross proceeds from the issuance reached RMB7,999,999,994.88, with net proceeds of RMB7,979,510,279.32 after deducting issuance costs excluding value-added tax. The company’s shareholding structure adjusted accordingly, resulting in a total of 5,465,220,839 shares issued and the public float requirement under the applicable Listing Rules remains satisfied.

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