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Jinhui Holdings Co. Ltd. ( (HK:0137) ) has shared an update.
Jinhui Holdings has agreed to acquire two new bulk vessels via its approximately 55.69% indirectly owned subsidiaries, each contracted at US$34 million from Chinese shipbuilder Sumec Marine and its shipyard New Dayang. The ships, ordered to the same specifications, are scheduled for delivery by May and July 2029, expanding Jinhui’s owned fleet and reinforcing its position in international dry bulk shipping.
The pair of shipbuilding contracts together constitute a very substantial acquisition under Hong Kong listing rules, triggering reporting, announcement, circular and shareholders’ approval requirements. Jinhui plans to convene a general meeting and issue a circular by early March 2026, with the deal underscoring its long-term capacity expansion while involving counterparties ultimately controlled by China’s state-owned SINOMACH as independent third parties.
The most recent analyst rating on (HK:0137) stock is a Buy with a HK$0.79 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 a Hong Kong-incorporated investment holding company whose subsidiaries are principally engaged in international ship chartering and ship owning. Through indirectly held ship-owning units, the group operates bulk carriers in global dry bulk shipping markets, focusing on owning and chartering vessels to support seaborne trade flows.
Average Trading Volume: 80,263
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$365.9M
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