Summary by Moomoo AI
United International Education Leasing Holdings Limited (YU) announced that its indirect wholly-owned subsidiary Union Fund I GP, as a general partner of the Fund, completed the acquisition of two vessels through its wholly-owned special purpose companies SPV1 and SPV2. The first vessel was acquired by SPV1 from Concordia Explorers on 21 August 2023 and signed a lightship lease with XH Union Shipping I. The second vessel was acquired by SPV2 on 27 February 2024 from the Conseil Sea Leader and Fond Marine through an alternative agreement, with a preferred option for the vessel. As a percentage of more than 5% but less than 25%, calculated under section 14.07 of the Listing Rules, these two transactions constitute disclosable transactions. The acquisition is in line with the company's strategic plan to expand into the shipping sector and is expected to help capture market opportunities and strengthen the revenue base.