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Singamas Secures Major Container Lease Deals

Singamas Secures Major Container Lease Deals

Singamas Container Holdings (HK:0716) has released an update.

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Singamas Container Holdings Limited, a Hong Kong-based company, has announced two separate finance lease arrangements with MSC Mediterranean Shipping Company S.A. for a total of 25,000 containers over a 14-year lease term. The deals, which allow the customer to buy the containers at lease-end, are valued at approximately $34.92 million and $47.31 million respectively and comply with the Hong Kong Listing Rules for discloseable transactions.

For further insights into HK:0716 stock, check out TipRanks’ Stock Analysis page.

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