Ningbo Port (601018.SH) plans to bid for part of the equity of Xinda Resources Limited.

Zhitong Finance APP News, Ningbo Port (601018.SH) announced that the company plans to participate, through its wholly-owned overseas subsidiary Zhejiang Seaport (Singapore) Co., Ltd. ("Singapore Company"), in a public bidding process to acquire the 8.91% equity interest in Xinda Resources Limited ("Xinda") listed for transfer by ZLCFH-Cayman International Investment Cooperation Limited on the Beijing Equity Exchange, as well as the 1.82% equity interest in Xinda listed for transfer by CPD Port Investment Co., Limited. If the transaction is successfully completed, the company will hold, through the Singapore Company, an aggregate 10.73% equity interest in Xinda, and indirectly hold a 10.73% equity interest in TCP Participaes S.A. ("TCP").