Qingang Co., Ltd.(03369) announced that on May 23, 2024, in order to better serve the company's main port business, Caofeidian Coal Port (a non-wholly-owned subsidiary of the company) entered into an equity transfer agreement with Hebei Port Group, pursuant to which Caofeidian Coal Port agreed to sell, and Hebei Port Group agreed to acquire the bidtimewarparcadeequity (Tangshan Port Caofeidian Tugboat 18timewarparcade.03%timewarparcadeequity), with a total cash consideration of RMB 1timewarparcade.47 billion yuan.
The announcement stated that after the sale of the underlying equity is completed, the company will sell all tugboat business. Hebei Port Group will immediately integrate the resources of various business entities in the tugboat sector and implement unified planning and operation of the tugboat business needs of each port area, which can greatly improve the operating efficiency of the tugboat business and help better serve the company's main port business.
