COSCO SHIPPING International (Singapore) Spends SG$4 Million on Logistics Project

MT Newswires

01/15

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.

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