收购事项令集团乾散货船队新增(或替换(倘出售事项完成))一艘船舶，而其维护工作较易处理及营运成本较低。因其配备了洗涤器系统，目标船舶可使用相对低价的燃油以符合国际海事组织相关规定。此外，出售船舶乃由一家就董事所知、所悉及所信已停止从事乾散货船建造业务船厂建造。故此，在维修及维护出售船舶以维持出售船舶状况时，集团难以获得技术支援。另一方面，目标船舶乃由中国知名造船厂江苏新韩通建造，在集团需要维修及维护目标船舶时可提供技术支援。因此，收购事项连同出售事项实际上可令集团升级其乾散货船队，并使集团能够为客户提供更佳服务。On September 13, 2024, Peak Prospect (a wholly-owned subsidiary of the company) entered into an acquisition agreement with the seller Fortune Marine Holdings Limited to acquire the target ship (or the contractual rights under the memorandum of agreement for the acquisition of the target ship). The maximum purchase price is $15.45 million and the handling fee is $22,125. The target ship is named "Diva."
On the same day, Courage Shipping (another indirectly wholly-owned subsidiary of the company) entered into a sale agreement with the buyer to sell the target Zorina Navigation Corp (the entire issued share capital of the target) and the sale loan. The selling price is $13.8 million. The target ship is named "Zorina." The acquisition and sale are not conditional upon each other.
The acquisition is in line with the group's strategy to upgrade its dry bulk ship fleet business when suitable opportunities arise. After the completion of the proposed transactions under the acquisition agreement and the memorandum of agreement, the target will become a wholly-owned subsidiary of the company, and the target ship will be owned by the group.
The acquisition will add (or replace, if the sale is completed) a ship to the group's dry bulk ship fleet, which is easier to maintain and has lower operating costs. The target ship is equipped with a scrubber system, which allows it to use relatively low-priced rbob gasoline in accordance with the regulations of the International Maritime Organization. In addition, the selling ship was built by a shipyard that the directors are aware of, familiar with, and believe has ceased to be engaged in the construction of dry bulk ships. Therefore, the group would have difficulty obtaining technical support when it comes to the maintenance and upkeep of the selling ship. On the other hand, the target ship was built by Jiangsu Xinhantan Shipbuilding, a well-known shipyard in China, and can provide technical support to the group when it comes to the maintenance and upkeep of the target ship. Therefore, the acquisition, along with the sale, will actually allow the group to upgrade its dry bulk ship fleet and provide better services to its customers.
The group's dry bulk ship fleet currently consists of three highly maneuverable ships, with the selling ship being the oldest. The sale is in line with the group's strategy to upgrade its dry bulk ship fleet business when suitable opportunities arise. After the completion of the acquisition, the sale effectively replaces a ship in the group's dry bulk ship fleet that is easier to maintain and has lower operating costs, as the selling ship is not equipped with a scrubber system.
Additionally, the selling ship was built by a shipyard that the directors are aware of, familiar with, and believe has ceased to be engaged in the construction of dry bulk ships. Therefore, the group would have difficulty obtaining technical support when it comes to the maintenance and upkeep of the selling ship. On the other hand, the target ship was built by Jiangsu Xinhantan Shipbuilding, a well-known shipyard in China, and can provide technical support to the group when it comes to the maintenance and upkeep of the target ship.
Therefore, the acquisition, along with the sale, will actually allow the group to upgrade its dry bulk ship fleet and provide better services to its customers. After the completion of the proposed transactions under the sale agreement, the group may reallocate the net proceeds from the sale for general operating funds to expand the group's dry bulk ship fleet capacity and improve its efficiency when suitable opportunities arise.