The net proceeds were lower from the initial plan under which COSCO Shipping Holdings was aiming to collect RMB 15 billion (USD 2.1 billion).
The private share offering raised interest from nine private investors.
After completion of the proposed non-public issuance of A shares, COSCO directly holds 4.5 billion of A shares and indirectly holds 87 million of H shares through Peaktrade Investments Ltd., a wholly-owned subsidiary of COSCO SHIPPING (Hong Kong) Co.
