Understanding the Market | COSCO SHIPPING Energy rises over 4% as the completion of the private placement enhances future capacity scale, highlighting the company's strategic value in international shipping competition
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COSCO SHIPPING Energy's stock price rose by more than 4%, with an increase of 3.96% as of the time of publication, trading at HKD 9.7, with a turnover of HKD 89.6657 million. According to the announcement, the company has completed the issuance of A-shares to specific targets in 2025, raising nearly HKD 8 billion, which is planned to be used for building new ships, enhancing capacity and market competitiveness. The industry fundamentals are improving, and OPEC+'s production increase will drive demand for crude oil trade, enhancing COSCO SHIPPING Energy's strategic value in the international shipping market
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