Dong Lien Maritime S.A. announced a placement of 29,400,000 common shares at an issue price of $1 per share for gross proceeds of $29,400,000 on March 30, 2023. The transaction included participation from returning investor, Shih Wei Navigation Co., Ltd. for 29,400,000 shares. The transaction has been approved by the board of directors of Shih Wei Navigation Co., Ltd.