SeaKapital and Seacon’s wholly owned unit, GH Kapital, will provide a $50m loan to their joint venture, Continental Kapital Shipping Co, under an agreement finalised on 24 January, the company announced in a stock exchange filing on Friday.
Continental Kapital is a 50/50 joint venture between Seacon’s GH Kapital and SeaKapital.
Hong Kong-listed Seacon said in the same filing that GH Kapital and SeaKapital will each provide 50% of the loan.
