COSCO SHIPPING International updates deployment of rights-issue funds

SGX Filings

01/15

COSCO SHIPPING International (Singapore) Co., Ltd. announced on Jan, 15 2026 that it has allocated an additional 3.75 million Singapore dollars from the 272.2 million Singapore dollars in net proceeds raised through its renounceable non-underwritten rights issue.

The fresh funds were used to partly finance logistics infrastructure projects and related investment opportunities, including the development of JILH Phase II.

To date, the company has applied 165.0 million Singapore dollars of the proceeds, comprising 149.91 million Singapore dollars for bank-loan repayment and 15.07 million Singapore dollars for logistics developments. A balance of 107.22 million Singapore dollars remains earmarked for the stated purposes, and the board said it will provide further updates as the funds are deployed.

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