COSL raises $759 million from private placement

The Chinese oilfield services provider becomes the first Hong Kong-listed company to raise new equity this year.

China Oilfield Services (COSL) pocketed HK$5.88 billion ($759 million) on Tuesday night from a private placement of new H-shares, making it the first Hong Kong-listed company to raise fresh capital this year.

¬ Haymarket Media Limited. All rights reserved.

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