Expansion-minded Shandong Shipping has unveiled its plan to raise CNY 100m ($14.6m) via selling new shares to a strategic investor.
In a web notice of Shandong Property Rights Exchange Center, the Qingdao-based shipowner said it would issue up to 90.9 million new shares to the investor.
“This is to replenish our liquidity and fund our business expansion,” Shandong Shipping said.
