SITC Renews Connected Vessel Charter Agreement With Qingdao SITC Through 2028

Claim 50% Off TipRanks Premium and Invest with Confidence Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potentialAn announcement from SITC International Holdings Co., Ltd. ( (HK:1308) ) is now available. SITC International Holdings has renewed its vessel chartering arrangements with Qingdao SITC by entering into a new 2026 Master Charter Agreement, extending the existing 2023 framework for a further three years from 1 January 2026 to 31 December 2028. As Qingdao SITC is deemed a connected person due to its ownership ties to the controlling shareholder’s family, the renewed charter agreement constitutes a continuing connected transaction under Hong Kong listing rules; however, because the applicable percentage ratios fall between 0.1% and 5%, the deal will only be subject to reporting and announcement requirements and will be exempt from the need for a circular and independent shareholders’ approval, streamlining compliance while securing vessel capacity for the group’s operations. The most recent analyst rating on (HK:1308) stock is a Buy with a HK$30.00 price target. To see the full list of analyst forecasts on SITC International Holdings Co., Ltd. stock, see the HK:1308 Stock Forecast page. More about SITC International Holdings Co., Ltd. SITC International Holdings Company Limited is a Hong Kong-listed shipping and logistics group focused on intra-Asia container transportation and related logistics services. The company operates through a fleet of vessels and partners with chartering entities to support its regional shipping network and meet ongoing operational requirements. Average Trading Volume: 4,474,613 Technical Sentiment Signal: Buy Current Market Cap: HK$72.52B