China LNG Shipping (Holdings) Co., Ltd. announced a private placement of common shares for gross proceeds of $43.5 million on October 31, 2022. The transaction will include participation from returning investor, COSCO SHIPPING Energy Transportation Co., Ltd., China Merchants Energy Shipping Co., Ltd. Post transaction, the investors will retain their existing stakes of 50% respectively. The transaction has been approved by the board of directors of the COSCO SHIPPING Energy Transportation Co., Ltd. in the fourteenth board meeting in 2022.

The capital increase does not need to be submitted to the investor's general meeting of shareholders for deliberation.