Bohai Leasing (000415.SZ) plans to sell 100% of GSCL's shares and withdraw from the container leasing business

According to Zhitong Finance App, Bohai Leasing (000415.SZ) announced that Global Sea Containers Two Limited (“GSCTL”), a wholly-owned subsidiary of the company, intends to transfer 100% of the shares in its subsidiary Global Sea Containers Ltd (“GSCL”). Recently, GSCTL, a wholly-owned subsidiary of the company, signed a conditional “share purchase agreement” and related transaction documents with Typewriter Ascend and related parties. Typewriter Ascend plans to purchase 100% of GSCL's shares through cash payment. The base price of this transaction is US$1.75 billion. According to the transaction price adjustment mechanism, the transaction price of 100% of GSCL's shares as of the end of 2024 is approximately US$1,632 million.

According to the announcement, the target company GSCL is mainly engaged in container leasing business. As of the end of the first quarter of 2025, GSCL's own and managed container fleet size was about 4,055 million CEUs, including dry containers, refrigerated containers, tank containers, special containers, etc., with an average container occupancy rate of 98.50%. GSCL serves approximately 750 leasing customers around the world. Containers are distributed in 186 ports around the world, and it has 23 operation centers around the world.

The announcement stated that through this transaction, the company will receive a large amount of cash consideration. The sale price will mainly be used to repay overseas high-interest US dollar debts, improve domestic cash flow, and resume business. After the transaction is completed, the company will no longer operate the container leasing business, which can effectively avoid the adverse effects of fluctuations in the global trade environment and further focus on the aircraft leasing business.