Dong Lien Maritime S.A. announced a private placement of 37,675 common shares at an issue price of $1 per share for gross proceeds of $37,675 on June 30, 2022. The transaction will involve participation from existing investor, Shih Wei Navigation Co., Ltd. Post-closing of the transaction, the investor will retain its 100% stake in the company. The transaction has been approved by the board of directors of the investor.