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The latest update is out from LC Logistics, Inc ( (HK:2490) ).
LC Logistics’ subsidiary Lehang Boundless has agreed to dispose of a vessel under construction by novating all its rights and obligations in a 2024 shipbuilding contract to Blue Anchor, in exchange for part of a total US$170 million consideration, of which US$68.64 million will be paid to Lehang Boundless. The disposal, classified as a major transaction under Hong Kong listing rules due to its size, has already received written approval from controlling shareholders, and the group will issue a circular detailing the deal, which effectively transfers the purchase obligations for the ship to Blue Anchor and may rebalance LC Logistics’ capital allocation and fleet strategy.
The most recent analyst rating on (HK:2490) stock is a Hold with a HK$6.00 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., incorporated in the Cayman Islands and listed in Hong Kong, operates in the logistics and maritime transport sector, using subsidiaries such as Lehang Boundless to own and manage shipping assets including oceangoing vessels procured under shipbuilding agreements with major Chinese shipyards.
Average Trading Volume: 299,672
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.62B
For a thorough assessment of 2490 stock, go to TipRanks’ Stock Analysis page.