COSCO SHIPPING International (Singapore) Co., Ltd. on Jul, 21 2026 detailed how it has applied the 272.2 million Singapore dollars in net proceeds raised from its renounceable non-underwritten rights issue of 2.24 billion new shares.

As of the latest update, the company has deployed about 204.9 million Singapore dollars, leaving 67.3 million Singapore dollars unutilised. Approximately 55.0 million Singapore dollars has been allocated to partially fund the construction or acquisition of logistics infrastructure and other investment opportunities, including the development of JILH Phase II. A further 149.9 million Singapore dollars has been used to repay bank borrowings.

The remaining 67.3 million Singapore dollars will be applied in line with the purposes outlined in the offer information statement. The board said it will continue to provide periodic disclosures on the status of the funds in future financial results and annual reports.