JINHUI HOLDINGS (00137) Subsidiary to Sell Supramax Vessel for $14.4 Million

Stock News
Dec 02, 2025

JINHUI HOLDINGS (00137) announced that its indirect subsidiary Jinbi Marine Inc., in which the company holds approximately 55.69% equity interest, has entered into an agreement with buyer Xing Le Investment Limited to sell a Supramax vessel for $14.4 million (approximately HK$112 million). The transaction was signed on December 2, 2025, after market hours.

The vessel, a 56,361 deadweight tonnage Supramax built in 2012 and registered in Hong Kong, will be delivered to the buyer between December 15, 2025, and January 30, 2026. Jinbi Marine guarantees that the vessel will be free from any leases, encumbrances, mortgages, maritime liens, or other liabilities upon delivery.

As an international vessel leasing and ownership company, JINHUI HOLDINGS stated that its board continuously monitors market conditions in the shipping industry and adjusts the fleet composition as needed. This sale aligns with the group's strategy to optimize its balanced fleet portfolio and reduce operational risks amid current market volatility. The transaction is expected to enhance the group's working capital position while strengthening its liquidity and overall financial condition.

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