SEACON Subsidiaries to Divest Two Vessels for $72.7 Million

Stock News04-23

SEACON (02409) announced that on April 23, 2026 (after trading hours on the Hong Kong Stock Exchange), the sellers Seacon Vancouver Ltd and Seacon Oslo Ltd, both indirect wholly-owned subsidiaries of the company, entered into an agreement with the buyer Asyad Shipping Company SAOG (ASCO). Under the agreement, the sellers agreed to sell and the buyer agreed to purchase two vessels for a total consideration of $72.7 million, with each vessel priced at $36.35 million.

The vessels are currently leased to the sellers by their respective owners under bareboat charter arrangements. The sellers intend to exercise their respective purchase options to acquire the vessels before the delivery date, in accordance with the terms of the bareboat charters and at the respective option prices. The vessels acquired by the sellers through the exercise of the purchase options will subsequently be delivered to the buyer under the agreement.

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