COSCO SHIPPING International (Singapore) reports latest deployment of rights-issue proceeds

SGX Filings
Feb 13

COSCO SHIPPING International (Singapore) Co., Ltd. said on Feb, 13 2026 that it has used an additional 3.94 million Singapore dollars from the 272.2 million Singapore dollars of net proceeds raised in its July 2025 renounceable non-underwritten rights issue.

The latest sum was applied to fund logistics infrastructure projects, including the development of JILH Phase II. Total spending on this category now stands at 19.01 million Singapore dollars, leaving 103.28 million Singapore dollars earmarked for future deployment.

The balance of the funds—149.91 million Singapore dollars—had already been used to repay bank borrowings. COSCO SHIPPING International (Singapore) said it will continue to provide periodic updates on any further use of the remaining proceeds in its future announcements and reports.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10