Seacon Shipping Group Holdings Limited (2409) recently announced a delay in despatch of its combined circular involving major transactions. The planned circular covers the acquisition of a 40% equity interest in a target company, the provision of a guarantee, and bareboat charter arrangements for three vessels. These transactions were previously disclosed in announcements dated 29 September 2025 and 16 October 2025.

According to the announcement, both sets of transactions exceed the 25% threshold but remain below 100% under Rule 14.07 of the Listing Rules, classifying them as major transactions subject to reporting, announcement, and shareholder approval requirements. The Company received irrevocable and unconditional approvals from a shareholder group holding 57.75% of its issued share capital, satisfying the approval requirement without convening a general meeting.

Due to the need for additional time to finalize certain disclosures, including the statement of indebtedness, a working capital letter, and accountants’ reports, the Company applied for and received a waiver from strict compliance with Rule 14.41(a) of the Listing Rules. The Stock Exchange granted this waiver on 24 October 2025, extending the deadline for despatch of the combined circular to on or before 24 December 2025.