Seacon Shipping Group Holdings Ltd. (HK:2409) has released an update.
Don’t Miss TipRanks’ Half Year Sale
- Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Seacon Shipping Group Holdings Ltd. has exercised a purchase option to acquire a vessel for approximately USD 15 million, marking a major transaction under Hong Kong’s Listing Rules. This strategic move was approved by the Closely Allied Group, which holds a significant majority stake in the company. The vessel will subsequently be delivered to a buyer as part of a disposal plan.
For further insights into HK:2409 stock, check out TipRanks’ Stock Analysis page.