** Shanghai-listed shares of COSCO Shipping Energy Transportation Co Ltd 600026.SS fall as much as 5.2% to 12.04 yuan, their lowest since Jan 10
** Stock on track for a fourth consecutive session of decline, if losses hold
** Co plans to issue up to 1.43 bln A shares to specific target subscribers, including indirect controlling parent China COSCO SHIPPING Corp, raising 8 bln yuan ($1.1 bln) to invest in building 11 carriers to expand LNG shipping capacity
** Co's Hong Kong stock 1138.HK drops 5.5% to HK$6.91, its lowest since Jan 10, and marks biggest intraday pct drop since Oct 9, 2024
** In China, the blue-chip CSI 300 Index .CSI300 adds 0.1% and the Shanghai Composite Index .SSEC gains 0.3%
** In Hong Kong, Hang Seng Commerce & Industry Index .HSNC rises 1.3%, and Hang Seng Index .HSI climbs 1%
** Shanghai stock eased 5.2% last year while Hong Kong shares fell 15.6%
($1 = 7.2636 Chinese yuan)
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.