Tianjin Port Group Boosts Stake in Subsidiary

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

Tianjin Port Development Holdings Limited announced that its controlling shareholder, Tianjin Port Group, has completed a shareholding increase plan in its subsidiary, Tianjin Port Co. The acquisition involved over 11.7 million shares, amounting to approximately 0.41% of Tianjin Port Co’s issued shares, with a total consideration of around RMB 50.1 million. This strategic move could influence investor interest and market dynamics around Tianjin Port Co’s shares.

For further insights into HK:3382 stock, check out TipRanks’ Stock Analysis page.