CSSC (Hong Kong) Shipping Company Limited (HK:3877) has released an update.
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CSSC (Hong Kong) Shipping Company Limited has announced the sale and subsequent leaseback of two vessels through its wholly-owned SPVs, Fortune CSASP I and II, to Asia Pacific Shipping Company. The deal, dated May 20, 2024, involves a total charter hire of approximately USD 128.7 million, which includes an estimated lease interest of around USD 55.4 million. These transactions are classified as discloseable under the Listing Rules and require notification and announcement but not shareholder approval.
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