Two units of Jinhui Holdings (HKG:0137) agreed to acquire two vessels from Jiangmen Nanyang Ship Engineering for a total of $68.3 million, according to a Wednesday Hong Kong bourse filing.
The vessels are expected to be delivered to Jinshun Shipping and Jintong Marine on or before Dec. 31, 2030.
The vessels comprise deadweight 64,500 metric ton type bulk carriers.
Zhongfu Straits Pingtan Development (SHE:000592) filed for the bankruptcy liquidation of its subsidiary, Zhongfu Straits (Pingtan) Real Estate, according to a Shenzhen bourse filing on Wednesday.The application was made at the People's Court of Pingtan County, Fujian Province, China.The company is a creditor of Zhongfu Straits Real Estate.The forest product manufacturer's shares fell 2% at the close.
Ningbo Fuda's (SHA:600724) subsidiary, Xinping Yingzhou Cement, plans to dispose of the capacity quota of one of its cement clinker production lines through public listing, according to a Wednesday disclosure on the Shanghai bourse.The proposed capacity quota for the transfer is 2,000 tons per day or 600,000 tons per year.After the transfer, Xinping Yingzhou will shut down and dismantle the rotary kiln and other major production equipment.The plastic products producer's shares rose 2% at the close.
Mongolia Energy (HKG:0276) expects a pre-tax net loss of up to HK$362 million for the year ended March 31, compared with HK$172.5 million a year prior, according to a Wednesday Hong Kong bourse filing.The coal producer also expects a decline in revenue and gross profit.The forecast comes about amid a drop in sales volume, as well as the average selling price of clean coking coal.