Qinhuangdao Port (03369) plans to acquire Caofeidian high-quality bulk cargo terminal assets from Hebei Port Group and raise matching funds.

Zhitong Finance APP News, Qinhuangdao Port (03369) announced that on November 3, 2026, the company entered into an acquisition agreement with Hebei Port Group. The company intends to acquire from Hebei Port Group a 25% equity interest in Caofeidian Industrial, a 24% equity interest in SDIC Caofeidian, a 28.2328% equity interest in Huaneng Caofeidian, and a 6% equity interest in Caofeidian Coal. The consideration for the proposed acquisition will be paid (i) partly by the allotment and issue of consideration shares, and (ii) partly in cash. The issue price of the consideration shares will be RMB3.45 per consideration share.