Liaoning Port (02880) plans to purchase two quayside container cranes and two tugboats for a total of 67.24 million RMB.
Liaogang Holdings (02880) announced that on December 23, 2025, its branch company Sanliang Pier Branch and its wholly-owned subsidiary Yingkou Limited entered into gate machinery purchase contracts and ship purchase contracts with Dandong Port Group for a total consideration of RMB 67.2438 million, with the former paying RMB 9.3483 million and the latter paying RMB 57.8956 million.
Liaoning Port (02880) announced that on December 23, 2025, its branch company, Bulk Terminal Branch Company, and its wholly-owned subsidiary, Yingkou Limited, respectively entered into door crane purchase contracts and vessel purchase contracts with Dandong Port Group, at a total price of RMB 67.2438 million, with Bulk Terminal Branch Company purchasing assets of two door pedestal cranes, named "M246" and "M247," from Dandong Port Group.
Due to the aging of existing door cranes, in order to further improve the unloading efficiency and operational efficiency of berths, meet the production needs of berths and terminals, reduce loss of cargo sources, attract other sources of goods, and save investment costs and manufacturing time resulting from the purchase of new door cranes, Bulk Terminal Branch Company plans to purchase door cranes.
Based on the above, the directors (including independent non-executive directors) believe that the terms of the door crane purchase contract were negotiated fairly and the proposed purchase of door cranes is part of the company's regular business operations, with terms that are fair and in the overall interest of the company and its shareholders.
Yingkou Limited will purchase two tugboats, named "Andong 23" and "Andong 26," from Dandong Port Group, under the vessel purchase contract.
Due to inadequate flexibility in the supply of existing tugboat resources, in order to alleviate the tight tugboat situation in Yingkou Port area (especially during the busy winter production period), effectively reduce non-production time of vessels, improve navigation efficiency, enhance the guarantee capacity of tugboats in the Yingkou Port area, take into account the needs of the Xiannan Island Port LNG project, and save investment costs and manufacturing time resulting from the purchase of new tugboats, Yingkou Limited plans to purchase tugboats.
Based on the above, the directors (including independent non-executive directors) believe that the terms of the vessel purchase contract were negotiated fairly and the proposed purchase of tugboats is part of the company's regular business operations, with terms that are fair and in the overall interest of the company and its shareholders.
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