Xin Yuan Enterprises Group Ltd. (HK:1748) has released an update.
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Xin Yuan Enterprises Group Ltd. has announced the acquisition of two newly-constructed vessels for a total consideration of $42 million, financed through internal resources or external financing. The transaction, which exceeds a 5% ratio under the Listing Rules, is considered a discloseable event for the company. The vessels, which are chemical/asphalt tankers, are scheduled for delivery by the end of 2025 and early 2026.
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