Tianjin Port Development Acquires Land Use Rights at Binhai New Area for RMB303 Million
Reuters
Yesterday
Tianjin Port Development Acquires Land Use Rights at Binhai New Area for RMB303 Million
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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