Tianjin Port Development Holdings (HK:3382) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.
For further insights into HK:3382 stock, check out TipRanks’ Stock Analysis page.