Seacon Shipping Group Holdings Ltd. (HK:2409) has released an update.
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Seacon Shipping Group Holdings Ltd. has entered into significant finance lease arrangements involving the sale and charter of two vessels for USD 31.7 million each, with transactions that exceed 25% of the company’s scale, triggering reporting, announcement, and shareholder approval mandates under Chapter 14 of the Listing Rules. Shareholder approval has been pre-secured from the Closely Allied Group, holding a majority of the shares, thus waiving the need for a general meeting. Details of these arrangements will be disclosed to shareholders in a forthcoming circular.
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