CSSC (Hong Kong) Shipping Company Limited (HK:3877) 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
CSSC (Hong Kong) Shipping Company Limited has announced an important financial move—completing a second sale and leaseback transaction with Asia Pacific Shipping, involving a total charter hire of approximately USD 77.54 million. This strategic transaction follows a similar deal within the past year, cumulatively classified as discloseable transactions per the Listing Rules, yet not requiring shareholder approval. The company’s wholly-owned SPV, Fortune CSASP III, will be purchasing and leasing back the vessel as part of the agreement.
For further insights into HK:3877 stock, check out TipRanks’ Stock Analysis page.
