China Merchant Energy Shipping (CMES) is funding its fleet expansion with a share sale worth up to CNY 2bn ($326.44m).
Its shares had been suspended since 3 November while it plotted the fundraising drive.
On Monday it said it would carry out a “non-public” offering of 576.36m shares at not less than CNY 3.47 each.
The money will go on the "acquisition or construction" of four firm VLCCs, plus one option, and six bulkers, it added.
But
