Tianjin Port Development Holdings Ltd. announced that its subsidiary, Yuancheng Warehousing Co, has successfully acquired the land use rights for a site located at Tianjin Port, Binhai New Area, Tianjin, China. The acquisition was completed through a public bidding process for a consideration of RMB303 million. The transaction constitutes a discloseable transaction under the Hong Kong Listing Rules and is expected to enhance the Group's competitiveness in the dry bulk business.
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