Jinhui Holdings's (HKG:0137) subsidiary Jinzhou Marine agreed to purchase a Hong Kong-registered bulk carrier from Sea 17 Leasing for $24.5 million, a Wednesday Hong Kong bourse filing said.
The vessel is an Ultramax of about deadweight of 61,441 metric tons called Great Century, and is expected to be delivered to the purchaser between Jan. 1, 2025, and Feb. 28, 2025.
The group plans to fund 70% of the purchase price via bank financing and the rest through its internal resources.
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