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China International Marine Containers (Group) Co Ltd's Subsidiary Signs Business Contract


Wednesday, 3 Jul 2013 08:00pm EDT 

China International Marine Containers (Group) Co Ltd announced that its wholly owned subsidiary, CIMC Financial Leasing (Hong Kong) Ltd., which is engaged finance leasing business, has signed business contracts respectively with China Shipbuilding Industry Corporation and group company of MSC Mediterranean Shipping Company SA. on July 3, 2013. The Company has commissioned China Shipbuilding Industry Corporation to build seven 8,800, TEU container vessels, for approximately RMB 3.675 billion (USD 85 million or RMB 525 million for each vessel). The Company has also signed a finance lease contract with group company of MSC Mediterranean Shipping Company SA, to lease the seven vessels to the group company, for USD 25,000 per day (RMB 15,400), for 204 months. By the end of the contract period, the tenant will acquire the vessels for USD 21.5 million (or RMB 133 million) per vessel. 

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