Jinhui Holdings Company Limited (Stock Code: 137) announced plans for a very substantial acquisition involving three newly built vessels. According to its latest circular dated 12 November 2025, each vessel is priced at US$33,050,000, bringing the total contract sum to US$99,150,000. The three vessels, each with a deadweight of 64,500 metric tonnes, are scheduled for delivery on or before 31 January 2028, 29 February 2028, and 31 March 2028, respectively.

The board disclosed that around 70% of the total contract sum is expected to be funded by bank financing, with the remainder coming from internal resources. The vessels will be constructed by Jiangmen Nanyang Ship Engineering Co., Ltd. and the contracts specify pre-delivery progress payments secured by refund guarantees. Management indicated that the acquisitions align with ongoing efforts to update and expand the fleet, anticipating that the modern vessels’ improved operational efficiency will support future chartering income.

The company states that the transaction requires approval by ordinary resolutions at a general meeting set for 27 November 2025 at 9:30 a.m. at Soho 1 & 2, 6/F, Ibis Hong Kong Central and Sheung Wan Hotel. Shareholders listed on the register as of Thursday, 20 November 2025 will be entitled to attend and vote on the resolutions. Jinhui Holdings’ board affirms that the proposed acquisition serves the interests of both the company and its shareholders.