Qinhuangdao Port to buy stakes in four Caofeidian terminals
Briefing by News4U · First published
Qinhuangdao Port will acquire minority stakes in four Caofeidian port firms from its controlling shareholder and raise supporting funds.
Wall Street CN reported that Qinhuangdao Port plans to issue A-shares and pay cash to buy 25% of Tangshan Caofeidian Industrial Port, 24% of SDIC Caofeidian Port, 28.2328% of Huaneng Caofeidian Port and 6% of Tangshan Caofeidian Coal Port from Hebei Port Group, an affiliate transaction that is not expected to be a major asset restructuring. [1]
The company signed an equity-acquisition letter of intent on 20 October 2026; the final price will be set after valuation. A-shares will be suspended from the open on 21 October for no more than 10 trading days. [1]
Sources
- 快讯
Wall Street CN · · Full text