COSCO SHIPPING International (Singapore) Co., Ltd. said on Sep, 11 2025 that it has reallocated 21.5 million Singapore dollars from the net proceeds of its 2025 renounceable, non-underwritten rights issue to repay additional bank borrowings of its subsidiaries.

The rights issue generated net proceeds of approximately 272.2 million Singapore dollars after deducting about 1 million Singapore dollars in expenses.

Following the change, the amount set aside for the construction or acquisition of logistics infrastructure, including Jurong Island Logistics Hub Phase II, falls from 142.2 million to 120.7 million Singapore dollars, while the allocation for bank-debt repayment rises from 130 million to 151.5 million Singapore dollars.

As at the announcement date, 18.95 million Singapore dollars of the reallocated funds have been used to reduce subsidiary borrowings, bringing total proceeds utilised to 56.05 million Singapore dollars, and leaving 216.15 million Singapore dollars unspent.

The company said it will report further use of the remaining proceeds in future results announcements and annual reports.