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China Merchants Port Holdings Co ( (HK:0144) ) has provided an announcement.
China Merchants Port Holdings Company Limited has announced modifications to its acquisition agreement for a 70% stake in Vast, a Brazilian entity. The amended agreement extends the Long Stop Date by one year to November 2026 and revises the purchase price to a maximum of USD596.4 million, considering the delay’s impact on potential profit contributions. The company aims to balance risk by adjusting the upfront consideration while maintaining milestone and earn-out payment structures, reflecting a strategic approach to managing execution risk and aligning with post-closing performance.
The most recent analyst rating on (HK:0144) stock is a Buy with a HK$18.50 price target. To see the full list of analyst forecasts on China Merchants Port Holdings Co stock, see the HK:0144 Stock Forecast page.
More about China Merchants Port Holdings Co
China Merchants Port Holdings Company Limited is a prominent player in the port operations industry, focusing on the acquisition, development, and management of port and terminal facilities. The company operates globally, with a strategic emphasis on expanding its presence in emerging markets.
Average Trading Volume: 3,079,865
Technical Sentiment Signal: Buy
Current Market Cap: HK$67.46B
For detailed information about 0144 stock, go to TipRanks’ Stock Analysis page.