Core Viewpoint - The company, Intercontinental Shipping (02409), announced that starting from December 23, 2025, it will enter into four replacement agreements with its wholly-owned subsidiaries, transferring the rights and obligations of the charterers to these subsidiaries [1] Group 1 - The replacement agreements will ensure that the obligations under the transaction documents will be assumed by the subsidiaries of the charterers, specifically Golden Canola Limited, Golden Olive Limited, Golden Flax Limited, and Golden Palm Limited [1] - The company previously provided guarantees for the charterers' performance under the transaction documents, which will now shift to the subsidiaries, maintaining the company's risk exposure at a similar level [1] - The board believes that the execution of these replacement agreements will not have an adverse impact on the group and that the terms are fair and reasonable, aligning with the overall interests of the company and its shareholders [1] Group 2 - The replacement is part of a common practice in the shipping industry, where special purpose companies are typically established before the delivery of vessels, and related transaction documents are replaced accordingly [1] - The replacement does not alter any other terms of the transaction documents, indicating stability in the contractual obligations [1]
洲际船务订立四份更替协议