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[COSCO SHIPPING Energy: Plans to increase investment by RMB 1.7 billion in wholly-owned subsidiary Shanghai LNG] On September 28, COSCO SHIPPING Energy (600026.SH) announced that the company will invest RMB 1.7 billion in cash in its wholly-owned subsidiary Shanghai COSCO Shipping Liquefied Natural Gas Investment Co., Ltd. The source of funds will be its own funds, which will be used to optimize the capital structure of Shanghai LNG, create green, low-carbon, and industrial chain coordinated professional transportation capabilities, and further enhance market competitiveness. This capital increase has been reviewed and approved by the company's board of directors and does not need to be submitted to the shareholders' meeting for review, nor does it constitute a major asset reorganization.
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