ST Matsue (603268.SH) subsidiary company signs contracts to build 4 ships with a total amount of approximately 4-6 billion US dollars.

Zhitong Finance APP News, *ST Songfa (603268.SH) announced that its subsidiary company Hengli Shipbuilding (Dalian) Co., Ltd. (referred to as "Hengli Shipbuilding") recently signed and took effect contracts for the construction of 4 ships. The contract involves the construction of 4 306,000-ton Very Large Crude Carriers (VLCC) with a total contract amount of approximately 4-6 billion US dollars. The ships are scheduled to be delivered successively from the second half of 2026 to the first half of 2027.