Tianjin Port Development Signs Portal Crane Purchase Agreement with Jinan Heavy Equipment
Reuters
Dec 19
<a href="https://laohu8.com/S/TJIPF">Tianjin Port</a> Development Signs Portal Crane Purchase Agreement with Jinan Heavy Equipment
Tianjin Port Development Holdings Limited announced that its subsidiary, Coal Terminal Co, has entered into a Sale and Purchase Agreement with Jinan Heavy Equipment Co for the sale and purchase of one set of portal crane. The transaction is considered a connected transaction under Chapter 14A of the Listing Rules, as Tianjin Port Group Co is the controlling shareholder of the company. The transaction is subject to reporting and announcement requirements, but is exempt from circular and independent shareholders' approval requirements, as the applicable percentage ratios are more than 0.1% but less than 5%. None of the directors had a material interest in the transaction, and certain directors abstained from voting in accordance with good corporate governance practices.
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