SIPG: State-owned shares transferred to Shanghai Jiushi Group

Shanghai International Port Group (SIPG) [SSE:600018] announced that Shanghai International Group Co., Ltd. will transfer 339,000,000 shares, representing approximately 1.46% of SIPG's total share capital, to Shanghai Jiushi (Group) Co., Ltd., a shareholder holding more than 5% of SIPG shares. This transfer of state-owned equity will not involve a tender offer or change the company's largest shareholder or ultimate controller, which remains the Shanghai State-owned Assets Supervision and Administration Commission (SASAC). Following the transfer, Jiushi Group's holdings will increase to 6.69% of SIPG's total share capital, while International Group's holdings will decrease to 1.08%. The transfer is subject to approval by the Shanghai SASAC and the completion of relevant procedures.