Seacon Shipping Group Holdings Ltd. (HK:2409) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Seacon Shipping Group Holdings Ltd. has announced the formation of a joint venture with Tianjin COSCO and DFTP-PICI, with a combined capital contribution of RMB220 million, reflecting ownership stakes of 45%, 45%, and 10%, respectively. The venture, named Tianjin Tianhui Shipping Co., Ltd., will engage in ship operation and management. This move is classified as a discloseable transaction as per the Listing Rules, due to the financial significance of the agreement.
For further insights into HK:2409 stock, check out TipRanks’ Stock Analysis page.