Jinhui Holdings (00137) Terminates Major Transaction Involving Sale of a Vessel
Stock News
Jan 23
Jinhui Holdings (00137) announced that the company has been informed by Jinhui Shipping that the agreement, which was entered into with the buyer on December 2, 2025, for the sale of the vessel at a consideration of US$14.4 million, has been terminated on January 23, 2026, due to the non-fulfillment of one of its terms concerning timely delivery.
Under the terms of the agreement, the initial deposit of US$1.44 million that had been delivered to the escrow agent will be refunded to the buyer.
The board of directors considers that the termination of the vessel's sale will not have any significant adverse impact on the Group's financial condition and operations.
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