Courage Investment's subsidiary plans to acquire 53 mining dump trucks for USD 5 million
Courage Investment announced that its wholly-owned subsidiary HK Courage LLC will acquire 53 mining dump trucks for USD 5 million. This acquisition aims to address the uncertainties in the global bulk shipping market, promote the diversification of the company's business, and expand into land logistics operations to increase revenue sources
According to the Zhitong Finance APP, Courage Investment (01145) announced that on October 6, 2025 (after trading hours), the buyer HK Courage LLC (an indirect wholly-owned subsidiary of the company) entered into a purchase agreement with the seller JINHE FENG MINING CONSTRUCTION CO., LTD., under which the buyer has agreed to acquire and the seller has agreed to sell mining transport vehicles for a price of USD 5 million.
The mining transport vehicles consist of 53 mining dump trucks owned by the seller.
Due to the complex and uncertain factors arising from the tariff war and geopolitical events, the global bulk shipping market is experiencing fluctuations and uncertainties. To address the adverse impacts of these uncertainties on the group, the company is actively exploring and implementing business diversification. It is believed that the acquisition will enable the group to expand from its previous single maritime logistics transportation business to land logistics operations, thereby effectively increasing the group's sources and scope of income
