SLSVC plans to acquire 62% equity of Jiaxiang Port for 149 million yuan
SLSVC plans to acquire 62% equity of Jiaxiang Port for 149 million yuan. Jiaxiang Port is the first comprehensive port for rail-water intermodal transport in Shandong Province, connecting multiple dedicated railway lines and the Grand Canal. This acquisition will help SLSVC quickly enter the inland shipping and logistics sector, leveraging existing facilities and customer resources to expand its market share in coal and bulk commodity logistics
According to the Zhitong Finance APP, LanHua KeChuang (600123.SH) announced that the company will purchase 62% of the equity of Shandong Jiaxiang Yilong Port Co., Ltd. (referred to as "Jiaxiang Port") held by Shandong Xuhong Industrial Investment Co., Ltd. for cash of 149 million yuan.
Jiaxiang Port is the first comprehensive port for iron-water combined transport in Shandong Province. It connects with Jiaxiang Station through a dedicated railway line, linking to the Xinhe Yanzhou coal transportation line, and achieving interconnectivity with three dedicated railway lines: Jingjiu, Jingguang, and Jinghu. It is also connected to the Jiangsu, Zhejiang, and Shanghai regions through the Grand Canal, occupying an important node in China's coal transportation network of "north coal transported south, west coal transported east." By acquiring Jiaxiang Yilong Port Co., Ltd., the company can quickly enter the inland shipping and related logistics business sectors, leveraging existing port facilities, transportation networks, and customer resources, and further expand its market share in coal and other bulk commodity logistics transportation markets, enhancing the company's market voice in the logistics industry
