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An announcement from Tianjin Port Development Holdings ( (HK:3382) ) is now available.
Tianjin Port Development Holdings announced that its subsidiary Coke Terminals Co has agreed to purchase four turnkey portal cranes from Jinan Heavy Equipment Co, a unit of controlling shareholder Tianjin Port Group, for RMB89.77 million including tax. The machinery package covers design, manufacture, transport, installation, commissioning, training and after‑sales services, with delivery scheduled by 30 June 2027 and payments made in stages tied to production and installation milestones. As Jinan Heavy Equipment is a connected party, the deal is classified as a connected transaction under Hong Kong listing rules, but given its relatively small size it is only subject to reporting and announcement requirements, signalling ongoing capacity upgrades at the group’s coke terminals without triggering the need for independent shareholder approval.
The most recent analyst rating on (HK:3382) stock is a Buy with a HK$1.00 price target. To see the full list of analyst forecasts on Tianjin Port Development Holdings stock, see the HK:3382 Stock Forecast page.
More about Tianjin Port Development Holdings
Tianjin Port Development Holdings is a port operator based in Tianjin, China, focusing on cargo handling and related terminal services, including coke terminal operations. Through its subsidiaries such as Coke Terminals Co, the group invests in port infrastructure and heavy handling equipment to support bulk cargo throughput and improve terminal efficiency within the regional and national logistics network.
Average Trading Volume: 1,455,898
Technical Sentiment Signal: Buy
Current Market Cap: HK$4.12B
For a thorough assessment of 3382 stock, go to TipRanks’ Stock Analysis page.