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Qingdao Port International Co Ltd Class H ( (HK:6198) ) has shared an update.
Qingdao Port International Co., Ltd., a major mainland Chinese port operator listed in Hong Kong, provides container and cargo handling and related port logistics services through a portfolio of subsidiaries that support its integrated port operations. The group has announced that it and its wholly owned Container Development Company have signed two asset purchase agreements with related party Cruise Port Development, acquiring Target Asset I for RMB286.41 million and Target Asset II for RMB79.51 million. As Cruise Port Development is a wholly owned unit of controlling shareholder Qingdao Port Group, the deals are classified as connected transactions under Hong Kong Listing Rules, triggering reporting and announcement obligations but remaining exempt from circular and independent shareholder approval, given that the aggregated transaction size exceeds 0.1% but is below 5% of the applicable percentage ratio.
The most recent analyst rating on (HK:6198) stock is a Buy with a HK$8.50 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 PRC-based port operator listed in Hong Kong, focusing on container, cargo and related port services, with operations conducted through various subsidiaries including a wholly owned container development unit.
Average Trading Volume: 2,671,816
Technical Sentiment Signal: Buy
Current Market Cap: HK$59.38B
See more data about 6198 stock on TipRanks’ Stock Analysis page.