Guangzhou Port (601228) Evening Announcement on May 21luckyspinslots, the company plans to transfer 100% equity of its wholly-owned subsidiary Guangzhou South China Coal Trading Center Co., Ltd. to Guangzhou Exchange Group Co., Ltd.luckyspinslots, the transaction price is 3luckyspinslots.05 billion yuan.
Regarding the purpose of this transaction, the announcement stated that in order to implement the relevant decisions and arrangements of the State Council's "Guangzhou Nansha Overall Plan for Deepening Comprehensive Cooperation between Guangdong, Hong Kong and Macao Facing the World", and at the same time, in order to concentrate superior resources, focus on the main business of port logistics, and support the main business to be further bigger and stronger.
Guangzhou Port stated that the company's transaction will help the company optimize resource allocation and improve the efficiency of the company's capital and resource utilization, which is in line with the company's strategic plan to become better and stronger. Moreover, the original business of the coal trading center will be undertaken by another wholly-owned subsidiary of the company., will not have an adverse impact on the company's current and future financial status and operating results.