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Tianjin Port Development Holdings ( (HK:3382) ) has provided an announcement.
Tianjin Port Development Holdings, through its subsidiary Yuancheng Warehousing Co, has successfully acquired land use rights at Tianjin Port, Binhai New Area, for RMB303 million. This acquisition, classified as a discloseable transaction under Hong Kong’s Listing Rules, signifies a strategic move to expand the company’s operations and strengthen its presence in the region. The acquisition involves a bidding deposit of RMB60.6 million and is expected to enhance the company’s logistical capabilities, potentially benefiting stakeholders by improving operational efficiency and market positioning.
More about Tianjin Port Development Holdings
Average Trading Volume: 2,794,113
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$4.3B
Learn more about 3382 stock on TipRanks’ Stock Analysis page.