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An announcement from CSSC (Hong Kong) Shipping Company Limited ( (HK:3877) ) is now available.
CSSC (Hong Kong) Shipping Company Limited announced a voluntary sale and leaseback agreement involving two 1,800 TEU second-hand container vessels with Giga Marine Corp. Limited. The transaction, valued at approximately USD 58,977,000, aims to diversify the company’s vessel types and enhance its leasing business. The vessels, known for their energy efficiency and high-speed capabilities, are expected to be delivered in April 2025. The transaction does not constitute a notifiable or connected transaction under Hong Kong’s Listing Rules.
More about CSSC (Hong Kong) Shipping Company Limited
CSSC (Hong Kong) Shipping Company Limited operates in the shipping industry, focusing on shipping leasing services. The company is involved in the sale and leaseback of vessels, which is a strategic move to diversify its range of vessel types and strengthen its leasing business.
YTD Price Performance: -11.50%
Technical Sentiment Signal: Strong Sell
Current Market Cap: €1.32B
For a thorough assessment of 3877 stock, go to TipRanks’ Stock Analysis page.