Tianjin Port Development (03382.HK) plans to sell 60% of China Railway Storage and Transportation's equity for 22.5243 million yuan.

Wisdom Finance and Economics APP News, Tianjin Port Development (03382.HK) announced that on December 23, 2025, Logistics Development (a subsidiary of the company) entered into a property transaction agreement with Jutai Industry and Trade. According to this, Logistics Development agreed to sell and Jutai Industry and Trade agreed to acquire 60% equity of China Railway Logistics for RMB 22,524,300. After the sale is completed, the company will no longer indirectly hold any equity of China Railway Logistics, and therefore China Railway Logistics will no longer be a subsidiary of the company. China Railway Logistics is mainly engaged in the sales of various types of coal.