It is reported that China Merchants Energy Shipping won approval from the China Securities Regulatory Commission for its plan to raise up to CNY 2.89 billion through the issue of 858.35 million shares to designated investors at CNY 3.37 per share.

China National Petroleum Corporation plans to subscribe to 490.84 million shares, while China Life Insurance will subscribe to 214.33 million shares.

(Sourced from stcn.com)