China Merchants Group: The first interim shareholders' meeting in 2026 will include a proposal to increase new ship-related transactions.
China Merchants Shipping announced that the first interim shareholders' meeting in 2026 will be held on July 28. Shareholder China Merchants Group Shipping Co., Ltd., which holds 54.48% of the shares alone or together, proposed an interim proposal on July 17 to establish a foreign single-ship company through its wholly-owned subsidiary and sign a "Shipbuilding Agreement" with a related party subsidiary company to build 6 new generation energy-saving and environmentally friendly 343,000 deadweight ton VLOC iron ore carriers. The total investment for the project is estimated to be no more than 4.93 billion yuan, with delivery planned for 2029-2030. In addition to adding this proposal, the original shareholders' meeting notification remains unchanged.
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