Runbang Co., Ltd. announced that its wholly-owned subsidiary Runbang Marine recently signed a “shipbuilding contract” with a well-known European shipowner to build six 4,500-cubic meter live fish carriers. The total contract amount is equivalent to about RMB 2.8 billion to RMB 3.3 billion. Delivery in batches began in the 29th month after the contract came into effect, and came into effect after meeting conditions such as receipt of the buyer's first payment. The contract is expected to have a positive impact on the company's future performance, but there are risks such as failure to execute, exchange rate, inability to take effect, and uncertain execution of options.
Zhitongcaijing · 2d ago
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Runbang Co., Ltd. announced that its wholly-owned subsidiary Runbang Marine recently signed a “shipbuilding contract” with a well-known European shipowner to build six 4,500-cubic meter live fish carriers. The total contract amount is equivalent to about RMB 2.8 billion to RMB 3.3 billion. Delivery in batches began in the 29th month after the contract came into effect, and came into effect after meeting conditions such as receipt of the buyer's first payment. The contract is expected to have a positive impact on the company's future performance, but there are risks such as failure to execute, exchange rate, inability to take effect, and uncertain execution of options.
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