COSCO SHIPPING Energy Transportation (600026.SH): COSCO Shipping Petroleum plans to inject RMB243 million in capital into Huahai Company
COSCO SHIPPING Energy Transportation (600026.SH) announced that its controlled subsidiary, COSCO Shipping Petroleum, will inject RMB243 million in cash capital into its wholly-owned subsidiary Huahai Petroleum Transportation and Sales Co., Ltd. ("Huahai Company"), with the funds sourced from the company's own funds. The capital injection is intended to optimize Huahai Company's capital structure, ensure payment of subsequent construction costs for newbuild vessels, and supplement working capital, further enhancing its market competitiveness.
COSCO SHIPPING Energy Transportation (600026.SH) announced that its controlled subsidiary, COSCO Shipping Petroleum, will inject RMB243 million in cash into its wholly-owned subsidiary Huahai Petroleum Transportation and Sales Co., Ltd. ("Huahai Company"). The funds come from the company's own capital and are intended to optimize Huahai Company's capital structure, ensure payment of subsequent construction costs for newbuild vessels, and supplement working capital, further enhancing its market competitiveness.
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