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SITC International Holdings Co., Ltd. ( (HK:1308) ) has issued an announcement.
SITC International Holdings Co., Ltd. announced that its subsidiary, SITC Shipowning, has exercised options for the construction of two additional container vessels at a total cost of US$57.96 million. This move is classified as a discloseable transaction under Hong Kong’s Listing Rules, reflecting a strategic expansion in their shipping capacity with vessels expected to be delivered by the end of 2027. The transaction is intended to be favorable, negotiated at arm’s length with market-referenced pricing, and is seen as beneficial for the company and its shareholders.
More about SITC International Holdings Co., Ltd.
SITC International Holdings Co., Ltd. operates in the shipping and logistics industry, focusing primarily on the construction and management of container vessels. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange under stock code 1308.
YTD Price Performance: -7.20%
Average Trading Volume: 764
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €6.18B
For a thorough assessment of 1308 stock, go to TipRanks’ Stock Analysis page.
