Nanjing ShengHang Shipping Co., Ltd. agreed to acquire an additional 30.37% stake in Shenzhen Haifa Shipping Co., Ltd. from a group of shareholders.
June 27, 2024
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Nanjing ShengHang Shipping Co., Ltd. (SZSE:001205) agreed to acquire an additional 30.37% stake in Shenzhen Haifa Shipping Co., Ltd. from Shenzhen Mingyiyuan Technology Co., Ltd., Jin Ruihe new three board mixing strategy 3 managed by Guangdong Jinruihe Investment Management Co., Ltd., Jinruihe New Third Board No. 2 Fund managed by Guangdong Jinruihe Investment Management Co., Ltd., Rongtong Capital Fengbo NEEQ No. 1 Asset Management Plan managed by Shenzhen Rongtong Capital Management Co., Ltd., Shenzhen Hanbo Investment Co., Ltd. and others for approximately CNY 250 million on June 5, 2024. A cash consideration of CNY 251.49 million will be paid by Nanjing ShengHang Shipping Co., Ltd. As part of consideration, CNY 251.49 million is paid towards common equity of Shenzhen Haifa Shipping Co., Ltd. As of March 31, 2024, Shenzhen Haifa Shipping Co., Ltd. reported total assets of CNY 732.42 million and total common equity of CNY 614.17 million. The deal has been approved by the board of Nanjing ShengHang.
Nanjing ShengHang Shipping Co., Ltd. (SZSE:001205) agreed to acquire an additional 30.37% stake in Shenzhen Haifa Shipping Co., Ltd. from a group of shareholders on June 28, 2024.
Nanjing Shenghang Shipping Co Ltd is a China-based company mainly engaged in water transportation of liquid chemicals and oil products. The Company's main business includes self-operated ship transportation business and chartered ship transportation business. Its chemicals mainly include p-xylene, mixed xylene, pure benzene, toluene and o-xylene, among others. Its oil products mainly include naphtha, gasoline, diesel and aviation kerosene, among others. The Company's main business is concentrated in China's eastern and northern regions, and main customers are chemical enterprises.
NANJING SHENGHANG SHIPPING CO., LTD. 
