CSSC (Hong Kong) Shipping Company Limited (HK:3877) has released an update.
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CSSC (Hong Kong) Shipping Company Limited has announced two significant leasing agreements through its subsidiary, CSSC Tianjin, with Guangxi Wenchuan and Huangpu Wenchong Shipbuilding, both linked to its controlling shareholder, China Shipbuilding Group. The first agreement, made in July 2024, involves leasing equipment for RMB59,112,000, followed by a second agreement in November 2024 for RMB37,152,000. These transactions, classified as connected and de minimis, highlight CSSC’s strategic financial maneuvers within the shipbuilding sector.
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