Qingdao Port announced that the company plans to acquire 70% of the shares of Qingdao Port Dongjiakou Ore Terminal Co., Ltd., which is held by Guanxing Investment, COSCO SHIPPING Port Investment, and Wanbang Investment in total. The minimum listing price is 1,918 billion yuan. The source of capital is its own capital, and the final transaction price is based on the transaction price of the Industrial Exchange. This transaction constitutes a related transaction and does not constitute a major asset restructuring. It has been reviewed and approved by the company's board of directors, still needs to be submitted to the shareholders' meeting for consideration, and also needs to pass centralized review by the operator. There is uncertainty about whether it can be successfully delisted and the transaction can be implemented. After the transaction is completed, the company will hold 100% of Dong Mining Company's shares, and Dong Mining Company will be included in the scope of the consolidated statement.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.