Ningbo Port (601018.SH) subsidiary Ningbo Ocean's application for a private placement has been approved for registration by the China Securities Regulatory Commission.

Zhitong Finance APP reported that Ningbo Port (601018.SH) announced that its holding subsidiary, Ningbo Ocean Shipping Co., Ltd. (referred to as "Ningbo Ocean"), intends to issue stocks to specific investors and introduce strategic investors. The total number of stocks to be issued is 145 million shares, with an issue price of 7.53 yuan per share, and the total funds raised are expected to be 1.095 billion yuan. Among them, the company intends to participate in Ningbo Oceans targeted issuance with its own funds, planning to subscribe for 72.7019 million shares, amounting to a total subscription amount of 547 million yuan; strategic investor Beibu Gulf Port Co., Ltd. intends to subscribe for 72.7019 million shares with its own funds, also amounting to a total subscription of 547 million yuan.