blockchainrtsgame| Qingang Shares Subsidiary plans to sell 18.03% equity interest in Tangshan Port Caofeidian Tugboat to Hebei Port Group

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Qingang Shares (03369) issued an announcementblockchainrtsgameOn 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 underlying equity (Tangshan Port Caofeidian Tugboat 18blockchainrtsgame.03% equity), with a total cash consideration of RMB 147 million.

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.

blockchainrtsgame| Qingang Shares Subsidiary plans to sell 18.03% equity interest in Tangshan Port Caofeidian Tugboat to Hebei Port Group

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