JINHUI HOLDINGS (00137) Subsidiary to Sell Vessel for $13.2 Million

Stock News

2025/10/28

JINHUI HOLDINGS (00137) announced that Jinmao Marine Inc., an indirect subsidiary in which the company holds approximately 55.69% equity, has entered into an agreement with Jiangsu Xinglian Marine Co., Ltd. on October 28, 2025, to sell the vessel for $13.2 million (approximately HK$103 million).

The vessel, named "JIN MAO," is a Hong Kong-registered bulk carrier with a deadweight tonnage of 56,469 metric tons. Delivery to the buyer is scheduled by December 10, 2025.

Currently, the group operates 29 vessels, including 21 owned and 8 leased, with a total carrying capacity of around 2.2 million metric tons. Among the owned fleet, two vessels are under sale-and-leaseback agreements, while one has been sold and reclassified as held-for-sale assets.

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