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Seacon Shipping Group’s Contract Novation for Tanker Construction

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Seacon Shipping Group’s Contract Novation for Tanker Construction

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Seacon Shipping Group Holdings Ltd. ( (HK:2409) ) has shared an announcement.

Seacon Shipping Group Holdings Ltd. has entered into a novation agreement for two shipbuilding contracts, replacing the original contracts with similar terms for two chemical/oil tankers. This transaction is considered discloseable under the Hong Kong Listing Rules due to its financial implications, reflecting the company’s strategic adjustments in its vessel construction operations.

More about Seacon Shipping Group Holdings Ltd.

Seacon Shipping Group Holdings Ltd. operates in the shipping industry, focusing primarily on the construction and operation of vessels. The company is involved in building chemical and oil tankers, highlighting its market focus on maritime transportation of these commodities.

YTD Price Performance: 11.49%

Average Trading Volume: 11,000

Technical Sentiment Consensus Rating: Sell

See more data about 2409 stock on TipRanks’ Stock Analysis page.

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