Liaoning Port in RMB67 Million Connected Deal for Quay Cranes and Vessels

The latest announcement is out from Liaoning Port Company Limited Class H ( (HK:2880) ).

Liaoning Port Company Limited has entered into connected transactions to purchase two quay cranes and tugboats-related assets from Dandong Port Group, a connected party through the company’s indirect controlling shareholder, for a total consideration of approximately RMB67.24 million. The Bulk Grain Terminal Branch will acquire two quay cranes for RMB9.35 million, while wholly owned subsidiary Yingkou Ltd. will purchase vessels for RMB57.90 million, with delivery and payment structured around completion and on-site inspection; under Hong Kong listing rules the aggregated deal qualifies as a connected transaction requiring reporting and announcement but is exempt from circular and independent shareholder approval, highlighting ongoing intra-group asset optimization that could enhance port handling capacity while maintaining regulatory compliance.

The most recent analyst rating on (HK:2880) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Liaoning Port Company Limited Class H stock, see the HK:2880 Stock Forecast page.

More about Liaoning Port Company Limited Class H

Liaoning Port Company Limited, listed in Hong Kong and incorporated in the PRC as a sino-foreign joint stock company, operates port and related logistics businesses, handling bulk and containerized cargo through various terminals, including specialized facilities such as its Bulk Grain Terminal Branch and subsidiary Yingkou Ltd., with a focus on supporting regional maritime trade and commodity flows in Liaoning province and northeastern China.

Average Trading Volume: 11,337,214

Technical Sentiment Signal: Buy

Current Market Cap: HK$37.15B

See more data about 2880 stock on TipRanks’ Stock Analysis page.