Singamas Container Holdings (HK:0716) has released an update.
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Singamas Container Holdings Limited has entered into a new Master Purchase Contract with its controlling shareholder, PIL Group, for the sale of equipment from 2025 to 2027, with proposed annual caps ranging from approximately $105 million to $120 million. The deal is subject to approval by independent shareholders and includes stringent reporting and approval processes due to its recurring nature as a continuing connected transaction. Detailed information and advice regarding the new contract will be provided to shareholders ahead of an Extraordinary General Meeting (EGM) where they will vote on the agreement.
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