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The latest update is out from LC Logistics, Inc ( (HK:2490) ).
LC Logistics has agreed to purchase two newly built 11,000 TEU container vessels from Shanghai Waigaoqiao and China Shipbuilding under shipbuilding contracts signed on 27 February 2026. The deal, classified as a major transaction under Hong Kong listing rules, is expected to expand the company’s carrying capacity and strengthen its operational scale in the container shipping sector.
The ships, each with a deadweight of at least 120,730 metric tons and a guaranteed service speed of not less than 21 knots, will be delivered after completion and sea trials for a total consideration of US$236 million. Payment will be made in five staged instalments, and majority shareholders holding about 55.39% of the company’s issued shares have already granted written approval, allowing the transaction to proceed without convening a general meeting.
The most recent analyst rating on (HK:2490) stock is a Hold with a HK$7.50 price target. To see the full list of analyst forecasts on LC Logistics, Inc stock, see the HK:2490 Stock Forecast page.
More about LC Logistics, Inc
LC Logistics, Inc. is a Cayman Islands-incorporated container shipping company listed in Hong Kong that operates large container vessels. The group focuses on seaborne logistics, leveraging high-capacity ships to serve global trade routes and enhance its competitiveness in international container transport markets.
Average Trading Volume: 305,511
Technical Sentiment Signal: Hold
Current Market Cap: HK$3.95B
See more data about 2490 stock on TipRanks’ Stock Analysis page.