Ningbo Port (601018.SH) plans to acquire 100% equity of the terminal in Zhoushan Port Free Trade Zone for 706 million yuan.

Zhijing Finance APP news, Ningbo Port (601018.SH) announced that the company plans to acquire 100% of the equity of Zhoushan Port Comprehensive Bonded Zone Terminal Co., Ltd. (referred to as "Bonded Zone Terminal") held by its controlling shareholder Ningbo Zhoushan Port Group Co., Ltd. for a total consideration of 706 million yuan in cash.