CDB Leasing Plans To Acquire Two LNG Vessels From GasLog For 1.825 Billion Yuan

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On May 20, CDB Leasing announced that it planned to acquire two LNG vessels from GasLog for 1.825 billion yuan, says an article published in Xinde Marine News.

CDB leasing

The announcement said that the two wholly-owned SPV companies of CDB Leasing, Tianjin Shengli No. 2 Leasing and Tianjin Shengli No. 3 Leasing, as the buyer, reached an agreement with the sellers Gas-four Ltd. and Gas-nine Ltd. on May 20.

The seller agreed to sell and the buyer agreed to buy two LNG ships at a price of US $270.4 million (about RMB 1.825 billion).

Gas-four Ltd. and Gas-nine Ltd. are two SPV companies incorporated in Bermuda, mainly engaged in transportation business.

CDB Leasing said that the conclusion of the ship purchase agreement is conducive to giving full play to the advantages of the transaction, increasing the company’s market share in the ship market and in line with the company’s business development strategy.

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Source: Xinde Marine News

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