Tianjin Port Development Proposes Sale of 60% Stake in Subsidiary

Reuters
Nov 10
<a href="https://laohu8.com/S/TJIPF">Tianjin Port</a> Development Proposes Sale of 60% Stake in Subsidiary

Tianjin Port Logistics Development Co., Ltd., a subsidiary of Tianjin Port Development Holdings Ltd., has provided an update regarding the proposed disposal of its 60% equity interest in Tianjin Zhongtie Storage and Transportation Co., Ltd. The company completed its pre-listing disclosure for the transaction on the Tianjin Property Rights Exchange Centre on 23 October 2025, with the process expected to conclude on 19 November 2025. Following this step, the subsidiary intends to proceed with the public listing of the equity interest, setting a proposed minimum bidding price at RMB22,524,300. The final transaction consideration will be determined by the highest successful bid.

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