COSCO SHIP ENGY (01138) announced that its indirect controlling shareholder, COSCO SHP SG, plans to increase its shareholding in the company's A shares through the Shanghai Exchange trading system by centralized bidding using special loans and its own funds, starting from October 21, 2024, within six months. The total amount of increased shares will not be less than 0.679 billion yuan and not more than 1.358 billion yuan.
From November 25, 2024, to December 27, 2024, COSCO SHP SG cumulatively increased its holdings of the company's A shares by 50.5385 million shares, reaching an increase ratio of 1.059% of the company's total share capital. As of December 27, 2024, the controlling shareholder and its concerted parties' shareholding ratio increased from 45.20% to 46.26%, with a cumulative increase amounting to 0.616 billion yuan.