COSCO SHIPPING Energy Transportation Co (HK:1138) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
COSCO SHIPPING ENERGY TRANSPORTATION CO., LTD. has entered into contracts for the construction of two new LNG carriers with Dalian Shipbuilding and China Shipbuilding Trading, at a total cost of RMB3.46 billion. This transaction, significant enough to require a formal announcement under Hong Kong Listing Rules, reflects the company’s expansion in the LNG transportation sector. The deal includes stringent payment terms and guarantees for vessel performance and delivery.
For further insights into HK:1138 stock, check out TipRanks’ Stock Analysis page.
