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Seacon Shipping Secures $42 Million Loan Facility with Contingency Clause

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Seacon Shipping Secures $42 Million Loan Facility with Contingency Clause

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The latest announcement is out from Seacon Shipping Group Holdings Ltd. ( (HK:2409) ).

Seacon Shipping Group Holdings Limited has entered into a facility agreement with SG Xinde Investment (HK) Limited, its wholly owned subsidiary, securing a term loan facility of up to USD 42 million. This agreement includes a clause that mandates prepayment if Mr. Guo Jinkui, the controlling shareholder, ceases to be the largest shareholder, potentially impacting the company’s financial strategy and shareholder dynamics.

More about Seacon Shipping Group Holdings Ltd.

Seacon Shipping Group Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in the shipping industry. The company, along with its subsidiaries, focuses on providing shipping services and is listed on the Stock Exchange of Hong Kong.

Average Trading Volume: 56,000

Technical Sentiment Signal: Hold

Learn more about 2409 stock on TipRanks’ Stock Analysis page.

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