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Guangzhou Port's Unit to Slash Stake in China United Shipping Through Share Buyback
Guangzhou Port (601228.SH): The logistics company plans to participate in share buybacks and reduce its shareholding in China COSCO Shipping Corporation Limited.
Guangzhou Port announced on September 20th that its wholly-owned subsidiary, Guangzhou Port Logistics Co., Ltd. ('Logistics Company'), plans to repurchase part of the shares of the joint venture company, Zhonglian Shipping Co., Ltd. ('Zhonglian Shipping'), and correspondingly reduce its registered capital. The Logistics Company intends to participate in the share repurchase and reduce its shareholding in Zhonglian Shipping. Zhonglian Shipping plans to repurchase a total of 98,122,180 shares, which will be cancelled. The Logistics Company intends to participate in the share repurchase of Zhonglian Shipping, with a shareholding reduction of 22,661,992 shares, and is expected to receive cash income of approximately 7.
Guangzhou Port's Container, Cargo Throughput Climb in August
An indicative announcement of the main production data of Guangzhou Port Co., Ltd. for August and January-August 2024
Guangzhou Port (601228.SH): It is expected to achieve a cargo throughput of 47.911 million tons in August, a year-on-year increase of 2.9%.
On September 4th, GPHL (601228.SH) announced that the company is expected to achieve a container throughput of 2.242 million standard containers in August 2024, a year-on-year increase of 7.4%; and is expected to achieve a cargo throughput of 47.911 million tons, a year-on-year increase of 2.9%. From January to August 2024, the company is expected to achieve a container throughput of 16.722 million standard containers, a year-on-year increase of 7.0%; and is expected to achieve a cargo throughput of 375.339 million tons, a year-on-year increase of 2.6%.
Guangzhou Port Co., Ltd. 2024 Semi-Annual Report
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