China Merchants Port Group Co.Ltd(001872) : termination of custody of 49.9% equity of Liaoning port group

China Merchants Port Group Co.Ltd(001872) on December 30, it was announced that the company and China Merchants Liaoning signed the termination agreement of equity custody agreement on December 30, 2021, agreed to terminate the custody matters that China Merchants Liaoning entrusted 49.9% of its equity of Liaoning port group to the company for management, and terminate the custody related agreement from January 1, 2022. At that time, the company will no longer be entrusted to manage Liaoning port group. Reasons for termination of trusteeship: in the past three years, Liaoning port group has completed the integration of five major ports, turned losses into profits, completed the absorption and merger of two listed companies in Dalian port and Yingkou port, and Liaoning Port Co.Ltd(601880) was successfully listed.

(interface News)

 

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