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Hilong Holding Ltd. ( (HK:1623) ) has provided an announcement.
Hilong Holding Limited, a company incorporated in the Cayman Islands, has announced a very substantial disposal involving the sale of a vessel named ‘HAI LONG 106’ for US$100 million. The transaction, which requires shareholder approval, is significant as it exceeds 75% of the company’s applicable percentage ratio under the Listing Rules. The disposal is conditional upon meeting certain prerequisites, and its completion will involve a structured payment plan, including a downpayment and a promissory note.
More about Hilong Holding Ltd.
YTD Price Performance: 44.25%
Average Trading Volume: 8,698,694
Technical Sentiment Signal: Buy
Current Market Cap: HK$276.5M
See more data about 1623 stock on TipRanks’ Stock Analysis page.