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Qingdao Port International Enters Logistics Service Agreement with Worldex

Story Highlights
  • Qingdao Port International provides logistics services focusing on container freight and forwarding.
  • The agreement with Worldex Logistics involves connected transactions requiring reporting and review.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Qingdao Port International Enters Logistics Service Agreement with Worldex

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The latest update is out from Qingdao Port International Co Ltd Class H ( (HK:6198) ).

Qingdao Port International Co., Ltd. has entered into a Comprehensive Service Framework Agreement with Worldex Logistics to provide and receive logistics services, including container freight station and freight forwarding services. This agreement, effective until December 2026, involves continuing connected transactions under Hong Kong Listing Rules, requiring reporting and annual review due to the significant percentage ratio of the transactions.

The most recent analyst rating on (HK:6198) stock is a Hold with a HK$7.40 price target. To see the full list of analyst forecasts on Qingdao Port International Co Ltd Class H stock, see the HK:6198 Stock Forecast page.

More about Qingdao Port International Co Ltd Class H

Qingdao Port International Co., Ltd. is a joint stock company established in the People’s Republic of China, primarily engaged in providing comprehensive logistics services. These services include container freight station services and freight forwarding services, focusing on the import and export of container cargoes.

Average Trading Volume: 3,010,055

Technical Sentiment Signal: Buy

Current Market Cap: HK$57.77B

For a thorough assessment of 6198 stock, go to TipRanks’ Stock Analysis page.

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