Tianjin Port Development Holdings Announces Acquisition of Stake in Euroasia International Container Terminal
Reuters
Sep 25
Tianjin Port Development Holdings Announces Acquisition of Stake in Euroasia International Container Terminal
Tianjin Port Development Holdings Limited has announced an update regarding its planned acquisition of an equity interest in Tianjin Port Euroasia International Container Terminal Co., Ltd. The company stated that the acquisition is expected to enhance profit attributable to shareholders and generate improved returns. The board, including independent non-executive directors, considers the terms of the acquisition to be fair, reasonable, and in the best interests of the company and its shareholders. The transaction remains subject to the fulfilment or waiver of certain conditions precedent under the Euroasia Equity Transfer Agreement.
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