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CSSC (Hong Kong) Shipping Company Limited ( (HK:3877) ) has shared an update.
CSSC (Hong Kong) Shipping Company Limited announced the signing of two Shipbuilding Agreements for the construction of vessels, valued at RMB1,056,000,000. These transactions are considered discloseable and connected under Hong Kong’s Listing Rules, necessitating shareholder approval and independent financial advice.
The most recent analyst rating on (HK:3877) stock is a Buy with a HK$2.08 price target. To see the full list of analyst forecasts on CSSC (Hong Kong) Shipping Company Limited stock, see the HK:3877 Stock Forecast page.
More about CSSC (Hong Kong) Shipping Company Limited
CSSC (Hong Kong) Shipping Company Limited operates in the shipping and maritime industry, focusing on vessel leasing and related services. The company is a significant player in the market, with a strong connection to China Shipbuilding Group, which holds a majority stake in the company.
Average Trading Volume: 13,356,699
Technical Sentiment Signal: Buy
Current Market Cap: HK$13.7B
Learn more about 3877 stock on TipRanks’ Stock Analysis page.