DAJIN Stock Surges Over 9% as KING Series Vessel Delivery Schedule Announced

Stock News08-03 10:22

DAJIN Co., Ltd. (01081) shares extended gains by more than 9%, trading up 7.22% at HK$38.60 as of press time, with a turnover of HK$25.19 million.

On the news front, the company recently completed the naming and delivery of the KING Series second vessel, the KING TWO, which was independently developed and built by DAJIN. This milestone signifies that the KING series has moved beyond the single-vessel trial phase, entering a new stage of standardized and batch production. The achievement marks a critical transition for DAJIN's marine engineering vessel construction capabilities, shifting from "single-vessel verification" to "batch replication."

According to the established fleet development plan, the KING Series third vessel, KING THREE, is expected to be delivered by the end of September this year. By 2026, all three vessels in this series will be fully operational. Additionally, progress continues on the higher-capacity EMPEROR series of ultra-wide, heavy-load deck transport vessels, with the project advancing in an orderly manner. DAJIN aims to build a dedicated fleet of over 10 specialized transport vessels, comprising the KING and EMPEROR series, to comprehensively handle the transport of components for deep-sea wind farm projects around the world.

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