Seacon Shipping Group Holdings Ltd. (HK:2409) has released an update.
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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.
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