The Board of Jinhui Shipping and Transportation Limited makes this update announcement to the Company's announcement dated20 April 2018 in relation to the Co-Investment and the Company's update announcement dated28 May 2020 (the "Announcement") in relation to the status of the Co-Investment. Unless otherwise defined herein, capitalized terms used in this announcement shall have the same meaning as ascribed thereto in the Announcement. The Co-Investor received updates from the Investment Manager inMay 2020 in relation to the status of the Co-Investment as announced by the Company on28 May 2020 in the Announcement. Due to unexpected Coronavirus Disease 2019 ("COVID-19") pandemic that has broadly affected different economic sectors, the Investment Manager advised the Co-Investor on21 August 2020 that the vendor of Tower A has agreed on the extension of the closing of the acquisition toNovember 2020 . We will update all shareholders of the Company on the significant investment update timely and accordingly.
Click here for more information
© Oslo Bors ASA, source