CSSC (Hong Kong) Shipping Company Limited (HK:3877) has released an update.
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CSSC (Hong Kong) Shipping Company Limited has secured a significant RMB960 million facility agreement for ship acquisition, guaranteed by the company itself. This agreement requires that the China State Shipbuilding Corporation Limited maintains more than 50% ownership in the company. The company will continue to disclose relevant information as required by the Hong Kong Stock Exchange listing rules.
For further insights into HK:3877 stock, check out TipRanks’ Stock Analysis page.