JINHUI HOLDINGS (00137.HK): unit to sell vessel for USD 14,600,000
- The Buyer is Hang Fat Shipping Company Limited, wholly owned by Mr. He Zhixiong and an independent third party.
- The Buyer will pay a USD 1,460,000 deposit and a USD 7,140,000 first instalment, with the USD 6,000,000 balance payable in eight quarterly instalments at 8.75% per annum.
NewTimeSpace News: On 14 October 2026, Jinhui Holdings Company Limited (stock code: 00137.HK) announced that its indirect subsidiary Jinxing Marine Inc. (the Seller), held about 55.69%, agreed to sell a vessel for USD 14,600,000 (HKD 113,880,000) to Hang Fat Shipping Company Limited (the Buyer), an independent third party wholly owned by Mr. He Zhixiong. The 2007-built bulk carrier JIN XING, of 55,496 tonnes deadweight, will be delivered between 20 October and 30 November 2026.
Payment comprises a USD 1,460,000 deposit, a USD 7,140,000 pre-delivery instalment and a USD 6,000,000 balance in eight quarterly instalments at 8.75% per annum. As the percentage ratios exceed 25% but fall below 75%, the disposal is a major transaction requiring shareholders' approval, and a circular is due by 5 November 2026.
