Zhitong Finance App News, COSCO Haineng (600026.SH) announced that COSCO SHIPPING (), the holding subsidiary of the company, increased its wholly-owned subsidiary Huahai Petroleum Distribution and Marketing Co., Ltd. (“Huahai Company”) with a cash capital of 243 million yuan. The capital source is the company's own capital to optimize Huahai Company's capital structure, guarantee payment for subsequent construction of new ships and supplement working capital, and further enhance market competitiveness.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.