Seacon Shipping Group Holdings Limited (Stock Code: 2409) announced that on 17 October 2025, an indirect wholly owned subsidiary entered into an agreement to sell a 21,168 gross tonnage bulk carrier, built in 2016, for USD17.1 million. The buyer is Bulk Exports International Inc., fully guaranteed by Stealth Maritime Corp. S.A.

According to the announcement, the bulk carrier is currently under a bareboat charter arrangement, and Seacon Shipping Group Holdings Limited plans to acquire it at a purchase option price of up to USD10.3 million before delivering it to the buyer. Financial records provided indicate net profits attributable to the vessel of USD4,900 for the year ended 31 December 2023 and USD603,600 for the year ended 31 December 2024. The expected net asset value by delivery is up to USD10.3 million, while the group anticipates a gain of approximately USD6.3 million after expenses and taxes.

The consideration will be settled in two parts: a USD1.71 million deposit and a balance of USD15.39 million. Proceeds from the disposal will be allocated to potential vessel acquisitions and to support overall working capital. Under Hong Kong’s Listing Rules, the transaction qualifies as a discloseable transaction, with the highest applicable percentage ratio exceeding 5% but remaining below 25%. The disposal is therefore subject to reporting and announcement requirements under Chapter 14 of the Listing Rules.