Jutal Offshore Partners with Shareholder’s Subsidiary

Jutal Offshore Oil Services (HK:3303) has released an update.

Jutal Offshore Oil Services has entered into a connected transaction with Suzhou Hengsheng, a subsidiary of its substantial shareholder, for the provision of services worth approximately HK$1.6 million. This agreement, lasting 24 months, highlights Jutal’s strategic collaboration within its shareholder network, potentially impacting its market engagement and stock value. The transaction is subject to reporting requirements under Hong Kong’s Listing Rules, reflecting its significance within the company’s financial framework.

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