Tanker owner Cosco Shipping Energy has revealed plans for a vast shares sale on a busy day for China’s premier shipping group.
The Hong Kong-listed company is looking to raise CNY 5.4bn ($812.4m) from investors to help fund its newbuilding orderbook.
Its plans were announced just hours after Cosco Shipping Holdings revealed a CNY 12.9bn ($1.94bn) fundraiser to support expansion.
