CSSC (Hong Kong) Shipping Company Limited ( (HK:3877) ) just unveiled an update.
CSSC (Hong Kong) Shipping Company Limited has entered into a working capital loan contract with a bank for RMB800,000,000 to support its operational needs. This agreement underscores the company’s strategic alignment with China State Shipbuilding Corporation Limited, which remains its controlling shareholder, ensuring stability and continuity in its operations.
More about CSSC (Hong Kong) Shipping Company Limited
CSSC (Hong Kong) Shipping Company Limited operates in the shipping and maritime leasing industry, focusing on providing financial services related to shipping and shipbuilding. The company is a significant player in the market, with China State Shipbuilding Corporation Limited as its controlling shareholder.
YTD Price Performance: -11.50%
Technical Sentiment Signal: Strong Sell
Current Market Cap: €1.32B
Learn more about 3877 stock on TipRanks’ Stock Analysis page.