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COSCO injects $253m into LNG arm

splash247.com · 4h · first report

COSCO injects $253m into LNG arm

COSCO Shipping Energy Transportation is putting another RMB1.7bn ($253m) into its LNG investment vehicle as the Chinese shipping giant continues to build out its gas carrier portfolio. The Shanghai- and Hong Kong-listed owner said its board approved the cash injection into Shanghai COSCO Shipping LNG Investment, with the money coming from the company’s own funds …

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