Hilong Holding Shareholders Approve US$100 Million Vessel Sale to PT Cakra Buana Resources Energi

Reuters01-30

Hilong Holding Shareholders Approve US$100 Million Vessel Sale to PT Cakra Buana Resources Energi

Hilong Holding Limited has provided an update on the disposal of a vessel by its subsidiary, Hilong Shipping Holding Limited, to PT Cakra Buana Resources Energi Tbk for a consideration of US$100 million. According to the company, at least 45% of the net cash proceeds from this transaction, amounting to approximately US$33.3 million, will be allocated to reduce liabilities under the company's 2024 Notes. The company stated it will continue to update shareholders and investors on the progress of this restructuring plan.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hilong Holding Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260130-12006429), on January 30, 2026, and is solely responsible for the information contained therein.

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According to the company, at least 45% of the net cash proceeds from this transaction, amounting to approximately US$33.3 million, will be allocated to reduce liabilities under the company's 2024 Notes. The company stated it will continue to update shareholders and investors on the progress of this restructuring plan.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hilong Holding Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. 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