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Tianjin Port Development Holdings ( (HK:3382) ) has provided an update.
Tianjin Port Development Holdings announced a significant acquisition, where its subsidiary, Tianjin Port Co, agreed to purchase a 40% equity interest in Alliance International Co from APM Tianjin International Co and PSA China Co for approximately RMB723,314,000. This acquisition will increase the company’s stake in Alliance International Co from 60% to 100%, reinforcing its control over the subsidiary. The transaction is considered a discloseable and connected transaction under Hong Kong’s Listing Rules, highlighting the strategic importance of the acquisition in strengthening Tianjin Port’s operational capabilities and market position.
More about Tianjin Port Development Holdings
Tianjin Port Development Holdings is a company involved in the port and logistics industry, primarily focusing on port operations and related services. The company is engaged in the management and operation of port terminals, providing services that facilitate international trade and logistics.
Average Trading Volume: 2,836,207
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$4.43B
Find detailed analytics on 3382 stock on TipRanks’ Stock Analysis page.