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QINGDAO PORT (06198) to Acquire Two Assets in Qingdao Shipping Financial Center from Cruise Port Development

Stock News2025-12-19

QINGDAO PORT (06198) announced that on December 19, 2025, the company entered into Asset Purchase Agreement I with Cruise Port Development, agreeing to acquire floors 2-7 and 14-15 of Tower A in the Shipping Financial Center (Target Asset I) for a consideration of RMB 286 million. On the same day, the company's wholly-owned subsidiary, Container Development Company, signed Asset Purchase Agreement II with Cruise Port Development to purchase floors 2-5 of Tower B in the Shipping Financial Center (Target Asset II) for RMB 79.5093 million.

The acquisitions by QINGDAO PORT and its subsidiary represent standard commercial transactions. The purchased assets, located adjacent to the company's core business operations, will be used for daily office purposes, improving the working environment and enhancing corporate image in line with the group's long-term strategy.

Situated at No. 6 Gangqing Road, Shibei District, Qingdao City, Shandong Province, the assets benefit from prime location advantages, high-quality construction, and convenient transportation. The transaction is expected to elevate customer service standards, support high-quality business growth, and meet client demand for premium port and shipping services.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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