Vibrant Subsidiary Enters into Second Debt Transfer Agreement

MT Newswires2025-12-29

Vibrant's (SGX:BIP) subsidiary, New Vibrant (Jiangsu) Supply Chain Management, agreed to a second debt transfer agreement with China Railway Construction Engineering, to acquire a further portion of debt owed by Vibrant Pucheng Logistics (Chongqing) for around 18 million yuan.

Shares of the company were up nearly 1% in Monday trading.

The total second assigned debt is around 23.4 million yuan, according to a Friday filing with the Singapore Exchange.

The debt is part of the total sum of 59.4 million yuan, and is linked with outstanding progress payments for the construction of the Multi-Modal Logistics Distribution Centre in Chongqing, China.

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