tiprankstipranks
Seacon Shipping’s Major Vessel Acquisition Approved
Company Announcements

Seacon Shipping’s Major Vessel Acquisition Approved

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

Stay Ahead of the Market:

Seacon Shipping Group Holdings Ltd. has exercised a purchase option to acquire a vessel for approximately USD 15 million, marking a major transaction under Hong Kong’s Listing Rules. This strategic move was approved by the Closely Allied Group, which holds a significant majority stake in the company. The vessel will subsequently be delivered to a buyer as part of a disposal plan.

For further insights into HK:2409 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App