COSCO Shipping Holdings Raises USD 1.1 Bn

cosco_piraeus

COSCO SHIPPING Holdings Co. has raised USD 1.1 billion (RMB 7.7 billion) from a private share offering.

The private share offering raised interest from nine private investors.

After completion of the proposed non-public issuance of A shares, COSCO directly holds 4.5 billion of A shares and indirectly holds 87 million of H shares through Peaktrade Investments Ltd., a wholly-owned subsidiary of COSCO SHIPPING (Hong Kong) Co.

As such COSCO holds 4.6 billion shares in total, representing 37.89% of the enlarged total issued share capital in the company, and is the direct controlling shareholder.

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