QINGDAO PORT (06198) intends to sell a 55% equity interest in Fangzhou Intelligent to QINGDAO PORT Group.
QINGDAO PORT (06198) announced that on September 21, 2026, the Company entered into an equity transfer agreement with QINGDAO PORT Group, pursuant to which QINGDAO PORT Group agreed to acquire, for cash, a 55% equity interest in Fangzhou Intelligent held by the Company, with the total consideration for the subject equity amounting to RMB 68,382,700.
QINGDAO PORT (06198) announced that on September 21, 2026, the Company entered into an equity transfer agreement with QINGDAO PORT Group, pursuant to which QINGDAO PORT Group agreed to acquire, for cash, a 55% equity interest in Fangzhou Intelligent held by the Company, with the total consideration for the subject equity amounting to RMB 68,382,700.
The equity sale will help optimize the Company's resource allocation, focus on the development of its core port business, improve the Company's operational efficiency, and enhance the Company's core competitiveness.
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