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Jinhui Holdings Co. Ltd. ( (HK:0137) ) has shared an announcement.
Jinhui Holdings Co. Ltd. announced the disposal of two vessels through its indirect subsidiaries, marking a significant transaction under the Hong Kong Listing Rules. The first vessel was sold for approximately US$10.8 million, and the second for US$11 million, both to companies owned by the same ultimate beneficial owner, Mr. Ye Wayne. The transactions, aggregated under the Listing Rules, constitute a major transaction requiring shareholder approval and further disclosures. This move is part of Jinhui’s strategic operations, potentially impacting its market positioning and financial structure.
More about Jinhui Holdings Co. Ltd.
Jinhui Holdings Co. Ltd. is primarily engaged in investment holding, with its subsidiaries focusing on international ship chartering and ship owning. The company operates through its indirect subsidiary, Jinhui Shipping, which owns and charters vessels.
Average Trading Volume: 144,040
Technical Sentiment Signal: Buy
Current Market Cap: HK$403M
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