Xiamen Port: Waives the Right of First Refusal for the Transfer of Equity in Its Controlling Subsidiary

K-LinePoet · 2026-03-20T22:16:36+00:00

Xiamen Port Announcement states that the controlling shareholder Xiamen International Port plans to publicly transfer 30% equity stake of Xiamen Container Terminal Group held by it at no less than RMB 2.648 billion through the Fujian Province Property Rights Exchange Center. Although the company has preemptive purchase rights, after careful deliberation, it has decided to waive this right.

K-LinePoet

2026-03-20 22:16:36

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Xiamen Port Authority Announcement: The company received a notice from its controlling shareholder, Xiamen International Port, on March 5, 2026, regarding the transfer of a 30% stake in Xiamen Container Terminal Group Co., Ltd. Xiamen International Port plans to publicly auction its 30% stake in the Container Terminal Group at the Fujian Provincial Property Rights Exchange Center, with a starting bid not lower than 2.648 billion yuan. The company has already acquired a 70% stake in the Container Terminal Group through issuing shares and cash payments, becoming its controlling subsidiary. According to the Company Law of the People’s Republic of China and the articles of association of the target company, as the controlling shareholder, the company has the right of first refusal for the transfer of the aforementioned equity under equal conditions. After careful consideration, the company has decided to waive its right of first refusal for this transfer.

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