Xiamen Port Authority: Intends to purchase 70% equity of Xiamen Container Terminal, and revise the restructuring prospectus.
Xiamen Port announced that it plans to acquire 70% equity of Xiamen Container Terminal Group from Xiamen International Port through issuance of shares and payment of cash, and to raise funds by issuing shares to no more than 35 specific investors. In accordance with the review opinions of the Shenzhen Stock Exchange on the reply to the review inquiry letter, the company disclosed the restructuring report and other documents on December 20, and later revised and disclosed the draft for the meeting. Compared with the report on December 20, this update mainly involves the risks related to the target assets, while also improving some expressions, which does not affect the transaction plan.
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