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COSCO SHIPPING Development Co ( (HK:2866) ) has shared an announcement.
COSCO SHIPPING Development Co., Ltd., through its subsidiary Oriental Fleet, has entered into a sale-and-leaseback arrangement involving a chartered vessel. The agreement entails purchasing the vessel for approximately RMB2,578.93 million and leasing it back to the charterer for an estimated RMB3,182.47 million over a 240-month lease period. This transaction is classified as a discloseable transaction under the Hong Kong Stock Exchange’s listing rules, reflecting its significance to the company’s financial operations and compliance requirements.
More about COSCO SHIPPING Development Co
Average Trading Volume: 31,409,976
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$31.35B
Learn more about 2866 stock on TipRanks’ Stock Analysis page.