China Merchants Port announces several continuing connected transactions for 2026
China Merchants Port Holdings Company Limited has entered into five continuing connected transactions for 2026. The 2026 Financial Services Agreement, with China Merchants Finance, sets annual caps for depositing money at HK$2,500m and interest income at HK$81.00m for the years ending 31 December 2026, 2027, and 2028. Fees payable for clearing, foreign exchange, and other financial services are capped at HK$10.00m each for the same period.
The 2026 Euroasia Cooperation Agreement involves CMCS leasing land in Tsing Yi for HK$16.50m for the year ending 31 December 2026. Separately, the 2026 CMPort Building Lease Agreements are expected to generate aggregate rental income of 17.23m yuan for the year ending 31 December 2026. For the 2026 Qianhai Bay Garden Lease Agreements, the aggregate annual cap for rental income has been revised upwards to 28.00m yuan for the year ending 31 December 2026.
Finally, the 2026 Warehouse and Logistics Related Services Framework Agreement, with Sinotrans & CSC Group, projects fees receivable by CMBL Group of 46.00m yuan and fees payable of 23.00m yuan for the year ending 31 December 2026. These transactions are generally exempt from shareholder approval requirements.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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