On December 6, CDB Leasing announced that the company's five wholly-owned SPV companies entered into a ship sale and purchase agreement with the seller.
 
According to the announcement, the buyer agreed to purchase five MR product tankers at a price for no more than 140 million U.S. dollars (equivalent to approximately RMB 892 million).
 
The buyer is CL Jianhu Limited, CL Nanhu Limited, CL Oujiang Limited, CL Qiantangjiang Limited and CL Yongjiang Limited, which are all registered in Hong Kong, China and are CDB Leasing's wholly-owned SPV companies.
 
The sellers are five companies incorporated in the Marshall Islands and are mainly engaged in ship operations. White Flag Ventures XVIII LLC, White Flag Ventures XIII LLC, White Flag Ventures XX LLC, White Flag Ventures XXII LLC and White Flag Ventures XXIII LLC, which are owned by Trafigura Group Pte. Ltd. registered in Singapore.
 
Source: Sarah Yu, XINDE MARINE NEWS

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