Fujian Highton Development (SHA:603162) signed finance lease agreements with Tianjin Xingfu No. 1 and No. 2 Leasing.
The agreements cover two multi-purpose heavy-lift vessels with financing of up to 56.9 million yuan and 12-year terms, according to a Friday filing with the Shanghai bourse.
Shares of the shipping company fell nearly 9% in recent trade.