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BRIEF-COSCO Shipping Development announces issuance of 2.34 bln shares
April 20, 2017 / 3:46 PM / in 8 months

BRIEF-COSCO Shipping Development announces issuance of 2.34 bln shares

April 20 (Reuters) - Cosco Shipping Development Co Ltd :

* Issuance of 2.34 billion shares to raise gross proceeds of up to rmb8.6 billion

* As part of revised proposed non-public issuance of a shares, on 20 april, co entered into subscription agreement with cosco shipping

* Pursuant to revised issuance of a shares, co will issue maximum of 2.34 billion a shares to not more than 10 specific target subscribers Source text: [bit.ly/2pW2914] Further company coverage:

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