The latest update is out from CSSC (Hong Kong) Shipping Company Limited ( (HK:3877) ).
CSSC (Hong Kong) Shipping Company Limited announced a significant transaction involving the sale and leaseback of four vessels, Fortune CLB I, II, III, and IV, with German companies Hansa Guangzhou, Hansa Genoa, Hansa Georgetown, and Hansa Galveston. The deal, valued at approximately US$240.8 million, is classified as a discloseable transaction under Hong Kong’s Listing Rules, highlighting its importance in the company’s operational strategy and potential impact on its financial performance.
More about CSSC (Hong Kong) Shipping Company Limited
CSSC (Hong Kong) Shipping Company Limited operates in the shipping industry, focusing on ship leasing and financing services. The company is involved in the sale and leaseback of vessels, which is a strategic approach to asset management within the maritime sector.
YTD Price Performance: -2.50%
Technical Sentiment Signal: Sell
Current Market Cap: €1.28B
See more data about 3877 stock on TipRanks’ Stock Analysis page.