Qingdao Port International Divests Digital Port Service Company Stake

MT Newswires Live

Sep 21

Qingdao Port International (HKG:6198, SHA:601298) agreed to sell its entire 55% stake in Ark Intelligent Port and Navigation Port Services (Qingdao) to controlling shareholder Qingdao Port Group for 68.4 million yuan.

The disposal will allow the company to optimize its resource allocation, focus on core business development, and boost operational efficiency, a Monday bourse filing showed.

The port operator plans to use proceeds to supplement its daily operation capital.

The target engages mainly in the digital port service, green energy refueling, and other businesses.

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