Shanghai International Port (600018.SH) plans to invest 2 billion yuan to establish Shanghai Guomao with International Group and others.

The Shanghai International Port (600018.SH) has announced that in order to better play its important role as a key player in the construction of the Shanghai International Shipping Center and to further enhance the level of port logistics services, the company plans to invest 2 billion yuan with its own funds, together with Shanghai International Group Co., Ltd. (referred to as "International Group") and other enterprises, to jointly establish Shanghai Guomao Holdings Co., Ltd. (referred to as "Shanghai Guomao"), with a shareholding ratio of 15.38%.