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CSSC Hong Kong’s Strategic Equipment Lease Deal Announced
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CSSC Hong Kong’s Strategic Equipment Lease Deal Announced

CSSC (Hong Kong) Shipping Company Limited (HK:3877) has released an update.

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CSSC (Hong Kong) Shipping Company Limited has announced a connected transaction involving the lease of equipment to subsidiaries of China Shipbuilding Group. The deal, valued at RMB59,112,000, entails the lease of cranes for 72 months. This transaction is subject to certain reporting requirements but is exempt from the need for independent shareholder approval.

For further insights into HK:3877 stock, check out TipRanks’ Stock Analysis page.

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