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Tianjin Port Development Holdings ( (HK:3382) ) just unveiled an update.
Tianjin Port Development Holdings has announced that its subsidiary, Fourth Company, has agreed to purchase ten portal cranes from Jinan Heavy Equipment Co, a fellow subsidiary within the Tianjin Port Group, for a total consideration of RMB184.6 million including tax. The equipment package covers cranes, spare parts, software, installation, commissioning, training, and warranty services, with delivery and full installation to be completed by the end of 2027 and payment made in stages linked to project milestones. The deal followed an open tender in which Jinan Heavy Equipment Co’s bid received the highest evaluation score, and, as a connected transaction under Hong Kong listing rules, it is subject only to reporting and announcement requirements because the transaction size falls below the threshold for independent shareholder approval. The acquisition is expected to enhance the group’s handling capacity and modernise its port equipment base, underpinning future operational efficiency while illustrating the company’s continued reliance on intra-group suppliers under regulated connected-transaction frameworks.
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 the development, operation and management of port facilities and related logistics services. The group, ultimately controlled by Tianjin Port Group, supports cargo handling and associated infrastructure for regional and international trade flows through its subsidiaries.
Average Trading Volume: 1,455,898
Technical Sentiment Signal: Buy
Current Market Cap: HK$4.12B
See more insights into 3382 stock on TipRanks’ Stock Analysis page.