Tianjin Port explores sale of subsidiary stake via public listing

Tianjin Port Development Holdings Limited announced a potential transaction involving the disposal of a 60% equity interest in its subsidiary, Zhongtie Storage and Transportation. The sale would occur through a public listing on the Tianjin Property Rights Exchange Centre. Pre-listing disclosure began on October 23, 2025, with completion expected by November 19, 2025.

The proposed minimum bidding price for the stake is RMB22,524,300, based on the subsidiary's entire shareholders' equity of approximately RMB37.54 million as of September 30, 2025. If successful, Zhongtie Storage and Transportation would cease to be a subsidiary of Tianjin Port Development Holdings Limited.

The board views the potential disposal as being on normal commercial terms, fair, reasonable, and in the best interests of the company and its shareholders. The company emphasizes that the public listing or a binding agreement for the potential disposal may or may not proceed. Shareholders and potential investors are advised to exercise caution when trading the company's securities. The disposal aligns with the group's strategy to focus on core port logistics, enhance competitiveness, and support its long-term development.