CSSC (Hong Kong) Shipping Company Limited (HK:3877) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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.
For further insights into HK:3877 stock, check out TipRanks’ Stock Analysis page.