CIMC Board Approves Key Financial Agreements and Share Repurchase Plan

China International Marine Containers (Group) Co., Ltd Class H ( (HK:2039) ) has provided an update.

China International Marine Containers (Group) Co., Ltd. announced the approval of several key resolutions during its third board meeting of 2025. The board approved a new Financial Service Framework Agreement between CIMC Finance Co., Ltd. and Shenzhen CIMC Industry & City Development Group Co., Ltd., which includes deposit-taking and loan services with specified transaction limits. Additionally, a Risk Disposal Plan related to these financial services was approved, ensuring risk management in their operations. The board also approved a plan to partially repurchase H shares, reflecting strategic financial management and potential shareholder value enhancement.

More about China International Marine Containers (Group) Co., Ltd Class H

China International Marine Containers (Group) Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the marine container industry. The company focuses on providing a range of financial services through its subsidiary, CIMC Finance Co., Ltd., and is involved in industry and city development projects through Shenzhen CIMC Industry & City Development Group Co., Ltd.

Average Trading Volume: 4,713,567

Technical Sentiment Signal: Sell

Current Market Cap: HK$36.76B

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