Tianjin Port Group Boosts Stake in Subsidiary

Tianjin Port Development Holdings (HK:3382) has released an update.

Tianjin Port Development Holdings Limited has announced that its controlling shareholder, Tianjin Port Group, intends to increase its shareholding in subsidiary Tianjin Port Co, which is listed on the Shanghai Stock Exchange. The Group plans to invest up to RMB 50 million for acquiring additional shares through open market transactions until May 2025, at a price not exceeding RMB 5.42 per share. Shareholders and potential investors are advised to exercise caution and note that the acquisition is subject to market conditions and the discretion of Tianjin Port Group.

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