T.S. Lines Sells Container Vessel TS SHENZHEN to Connected Party, Books Disposal Gain and Agrees Short-Term Charter
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T.S. Lines Limited has sold its container vessel TS SHENZHEN for US$23 million to a company controlled by its shareholders' family, realizing a disposal gain of approximately US$7.3 million. The sale, classified as a connected transaction, allows for immediate capital and operational continuity, with a short-term charter agreement in place from January 24 to March 31, 2026. The latest analyst rating for T.S. Lines Limited (HK:2510) is a Buy, with a price target of HK$9.50.
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