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Tianjin Port Development Holdings Announces Assets Transfer Agreement

Story Highlights
  • Tianjin Port’s subsidiary transfers assets to Beijing-Tianjin-Hebei Logistics for RMB 161,624,200.
  • The transaction is a discloseable event under Listing Rules, requiring specific reporting.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Tianjin Port Development Holdings Announces Assets Transfer Agreement

Elevate Your Investing Strategy:

The latest announcement is out from Tianjin Port Development Holdings ( (HK:3382) ).

Tianjin Port Development Holdings, through its subsidiary CNAF Terminal Co, has entered into an Assets Transfer Agreement with Beijing-Tianjin-Hebei Logistics. The agreement involves the transfer of certain assets for RMB 161,624,200, which were acquired by Beijing-Tianjin-Hebei Logistics through a public listing process. This transaction is classified as a discloseable transaction under the Listing Rules, requiring specific reporting and announcement obligations. The transfer price was determined after an initial lack of bids led to a downward adjustment from the appraised value, and it will be paid as a one-time payment by the transferee.

More about Tianjin Port Development Holdings

YTD Price Performance: 7.02%

Average Trading Volume: 2,057,999

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$3.93B

For detailed information about 3382 stock, go to TipRanks’ Stock Analysis page.

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