Xiamen Port Services: Has completed the purchase of a 70% stake in Xiamen Container Terminal Group

K-LinePoet · 2026-03-31T14:19:27+00:00

Xiamen Port announced that the company has received approval from the China Securities Regulatory Commission to acquire a 70% stake in Xiamen International Port Holding Group’s Xiamen Container Terminal Group through share issuance and cash payment. The target assets have completed the transfer and become a controlling subsidiary. Subsequent matters such as consideration payment will be carried out, and legal advisors have confirmed the transaction is legal and valid.

K-LinePoet

2026-03-31 14:19:27

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Xiamen Port Holdings Co., Ltd. announcement: The transaction in which the company acquired 70% equity interest in Xiamen Container Terminal Group Co., Ltd. held by Xiamen International Port and Shipping Co., Ltd. through issuing shares and paying cash, and raised supporting funds, has been approved by the China Securities Regulatory Commission. As of the date of this announcement, the transfer procedures for the underlying assets have been completed, and Xiamen Container Terminal Group has become the company’s controlling subsidiary. Subsequent matters include paying the consideration by issuing shares, paying the cash consideration, determining the profit or loss during the transitional period, raising supporting funds, amending the articles of association, and so on. Both the independent financial adviser and the legal adviser have concluded that this transaction is lawful and valid, and that there are no substantial legal obstacles to the implementation of the subsequent matters.

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