COSCO SHIPPING International Details Latest Deployment of Rights Issue Funds

SGX Filings
Aug 19

COSCO SHIPPING International (Singapore) Co., Ltd. announced on Aug, 19 2026 that it has applied an additional 10.01 million Singapore dollars from the 272.2 million Singapore dollars of net proceeds raised through its 2025 renounceable non-underwritten rights issue.

The latest disbursement lifts total utilisation to 214.93 million Singapore dollars. Of this, 65.02 million Singapore dollars has been channelled toward constructing or acquiring logistics infrastructure, including the development of JILH Phase II, while 149.91 million Singapore dollars has been used to repay bank borrowings.

A balance of 57.27 million Singapore dollars remains unallocated. The board said it will continue to provide updates on future deployments of the remaining funds in subsequent announcements and financial reports.

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