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Jinhui Holdings Co. Ltd. ( (HK:0137) ) has shared an update.
Jinhui Holdings Company Limited has announced a significant acquisition involving the purchase of three vessels, each costing US$33,050,000, with a total contract price of US$99,150,000. These vessels, to be delivered by early 2028, are part of a strategic expansion in their ship owning and chartering operations, potentially enhancing their market position in the shipping industry. The acquisition is classified as a very substantial acquisition under the Hong Kong Stock Exchange Listing Rules, requiring shareholder approval.
The most recent analyst rating on (HK:0137) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Jinhui Holdings Co. Ltd. stock, see the HK:0137 Stock Forecast page.
More about Jinhui Holdings Co. Ltd.
Jinhui Holdings Company Limited is an investment holding company primarily engaged in international ship chartering and ship owning. Its subsidiaries, including the First Purchaser, the Second Purchaser, and the Third Purchaser, are ship owning companies and wholly-owned subsidiaries of Jinhui Shipping, which are approximately 55.69% indirect subsidiaries of the company.
Average Trading Volume: 41,842
Technical Sentiment Signal: Hold
Current Market Cap: HK$371.2M
For an in-depth examination of 0137 stock, go to TipRanks’ Overview page.