Xin Lang Cai Jing·2025-12-12 09:39Core Viewpoint - China COSCO Shipping Energy Transportation Co., Ltd. announced a private placement of 694 million A-shares at a price of 11.52 yuan per share, raising a total of 7.999 billion yuan, with a net amount of 7.979 billion yuan received on October 10 [1] Fund Utilization - The raised funds will be used for the construction of 6 Very Large Crude Carriers (VLCCs), 2 LNG carriers, and 3 Aframax oil tankers [1] - As of October 15, the company has pre-invested 170 million yuan of its own funds into the projects and has paid issuance expenses of 35.8027 million yuan [1] Board Approval - On December 12, the company's board approved the use of raised funds to replace the pre-invested amount of 170 million yuan and the paid issuance expenses of 27.4143 million yuan, totaling 172 million yuan [1] - The sponsor, Guotai Junan Securities, believes that the replacement is in compliance with regulations and has no objections to the matter [1]