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Seacon Shipping Group Holdings Ltd. ( (HK:2409) ) just unveiled an announcement.
Seacon Shipping Group Holdings Ltd. announced the novation of six shipbuilding contracts, transferring all rights and obligations to new buyers, subsidiaries of CIMC Xinde Leasing (Shenzhen) Co., Ltd. This transaction, valued at approximately USD 12.3 million, is classified as a major transaction under Hong Kong’s Listing Rules due to its aggregated percentage ratio exceeding 25%. The company has secured the necessary shareholder approval through a written consent from the Closely Allied Group, holding 57.75% of the company’s issued share capital, thus bypassing the need for a general meeting.
More about Seacon Shipping Group Holdings Ltd.
Seacon Shipping Group Holdings Ltd. is a company incorporated in the Cayman Islands, primarily involved in the shipping industry. The company focuses on shipbuilding contracts and related transactions, positioning itself within the maritime and logistics sectors.
Average Trading Volume: 99,486
Technical Sentiment Signal: Hold
Current Market Cap: HK$2.1B
For a thorough assessment of 2409 stock, go to TipRanks’ Stock Analysis page.