Zhitong Finance App News, China Merchants Port (00144) announced that Guanxing Investment Co., Ltd. (sale), a wholly-owned subsidiary of the company, together with Shanghai COSCO SHIPPING Port Investment Co., Ltd. and Wanbang Qingdao Port Investment Co., Ltd. (collectively referred to as “each seller”), plans to sell a total of 70% of the shares (potential sale) of Qingdao Port Dongjiakou Ore Terminal Co., Ltd. (target company) through public listing (public listing) on the Beijing Property Exchange (Beijing Property Exchange) through public listing (public listing) Potential sale ).
Since such shares are considered state-owned assets under the relevant laws and regulations of the People's Republic of China (China), potential sales must be carried out through public listing. The official disclosure of the public listing was published on the Beijing Equity Exchange website and will continue to be open until November 11, 2026.
The minimum total potential sale price is RMB 1,918 million (minimum cost), of which RMB 685 million is attributable to the Company's potential sale. The final price of the potential sale will depend on the final bid price proposed by the winning bidder, which will not be less than the minimum price.
The Company's potential sales are expected to realise its investment value in target companies on market-based terms through public listing and bring additional cash inflows to the Group, thereby enhancing the Group's financial flexibility and providing the Group with more room for development opportunities.