China Cssc Holdings Limited(600150) leasing (03877. HK) announced that fortune vcontainer carriers, a wholly-owned subsidiary of the company, has established a joint venture company (CA shipping) with aslnavigation to acquire and operate ships. As of the date of this announcement, CA shipping is 60% and 40% owned by fortune vcontainer carriers and ASL navigation respectively. Therefore, CA shipping is an indirect non wholly owned subsidiary of the company, and its financial performance will be incorporated into the financial statements of the group.
CA shipping (an indirect non wholly-owned subsidiary of the company) or its nominee (as the buyer) intends to enter into a sales and purchase agreement with Wuchang ship (as the seller), an indirect wholly-owned subsidiary of China Cssc Holdings Limited(600150) group, to acquire the ship at a total price of up to US $91.92 million.
Ships refer to up to four high-quality feeder container ships with 1100 TEUs; A vessel means any of them.
