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Hilong Holding Ltd. ( (HK:1623) ) has shared an announcement.
Hilong Holding Limited announced that during its 2025 third extraordinary general meeting, a resolution was passed approving the sale of a vessel to PT CAKRA BUANA RESOURCES ENERGI TBK for US$100 million. This decision, supported by an overwhelming majority of shareholders, reflects the company’s strategic move to streamline operations and potentially reallocate resources, which could impact its market positioning and stakeholder interests positively.
More about Hilong Holding Ltd.
Hilong Holding Limited is a company incorporated in the Cayman Islands, operating with limited liability. It is listed on the Hong Kong Stock Exchange under the stock code 1623. The company is involved in the shipping industry, focusing on the sale and management of vessels.
Average Trading Volume: 4,547,379
Technical Sentiment Signal: Buy
Current Market Cap: HK$441.1M
See more insights into 1623 stock on TipRanks’ Stock Analysis page.