--- title: "HUAJIN INTL is in talks with Xiangyu Logistics Group to establish a joint venture company" type: "News" locale: "en" url: "https://longbridge.com/en/news/231832941.md" description: "HUAJIN INTL is in talks with Xiangyu Logistics Group to establish a joint venture company. HUAJIN Metal Industrial Park has developed into a multifunctional general terminal with an efficient logistics system, enhancing industrial synergy benefits. HUAJIN Terminal has obtained a port operation license and completed a cargo throughput of approximately 1.032 million tons. If this cooperation is realized, it will constitute a transaction that needs to be disclosed, and a formal agreement has not yet been signed" datetime: "2025-03-14T09:50:08.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/231832941.md) - [en](https://longbridge.com/en/news/231832941.md) - [zh-HK](https://longbridge.com/zh-HK/news/231832941.md) generator: "portal-rs" --- # HUAJIN INTL is in talks with Xiangyu Logistics Group to establish a joint venture company According to the Zhitong Finance APP, HUAJIN INTL (02738) announced that the group's existing production plant located in Gujing Town, Xinhui District, Jiangmen City, Guangdong Province, China, has developed into the HUAJIN Metal Industrial Park. The HUAJIN Metal Industrial Park is situated near the banks of Yinzhu Lake, which is located at the confluence of the Xijiang and Tanjiang rivers in the southwestern part of the Pearl River Delta in China. To align with local government planning and with government support, three berths have been constructed adjacent to the HUAJIN Metal Industrial Park, known as HUAJIN Wharf. The group will operate and manage three berths with a maximum capacity of 30,000 tons for both internal use and external operations, with a coastline of approximately 650 meters. After the Spring Festival in 2025, berths 1, 2, and 3 of HUAJIN Wharf have obtained port operation licenses. In January and February 2025, HUAJIN Wharf completed a total cargo throughput of approximately 1.032 million tons. As a multifunctional general wharf, HUAJIN Wharf has successfully completed trial operations for the loading and unloading of all types of cargo, including containers. The configuration of related lifting equipment and supporting facilities has also been fully completed, allowing for rapid switching between bulk and container loading and unloading modes. This operational flexibility has steadily improved the unloading efficiency for different categories of goods. HUAJIN Wharf operates in an integrated manner with the warehousing and processing area of HUAJIN Metal Industrial Park, establishing an efficient logistics system where raw materials and finished products are quickly transferred along the shortest routes and with the highest efficiency, directly delivered to the processing area and storage for various metal processing and warehousing services by the group. This model achieves seamless connectivity along the upstream and downstream of the industrial chain, providing a solid platform for surrounding manufacturing industries to enhance efficiency and reduce costs at the resource end, effectively improving the group's industrial synergy benefits. The group is currently in discussions with Xiangyu Logistics Group Co., Ltd. (a state-owned enterprise in mainland China) to establish a joint venture. If this cooperation is realized, it may constitute a transaction that the company is required to announce, and the company will make further announcements in a timely manner in accordance with the relevant provisions of the listing rules. As of the date of this announcement, the company has not entered into any formal or legally binding agreements regarding the cooperation ### Related Stocks - [600057.CN](https://longbridge.com/en/quote/600057.CN.md) - [02738.HK](https://longbridge.com/en/quote/02738.HK.md) ## Related News & Research - [CK Hutchison Seeks USD1.5 Billion in Int’l Case Against Panamanian Gov't for Port Terminal Takeover](https://longbridge.com/en/news/296442562.md) - [CKH HOLDINGS Initiates International Arbitration Over Panama Port Investment, Seeking More Than USD1.5 Billion in Compensation](https://longbridge.com/en/news/296414831.md) - [Abu Dhabi wealth fund L'IMAD plans to take port operator AD Ports private](https://longbridge.com/en/news/296064889.md) - [Abu Dhabi sovereign investor lays out offer for AD Ports](https://longbridge.com/en/news/296177186.md) - [China Infrastructure & Logistics signs strategic cooperation deal with Wuhan Changtao New Materials on port anti-corrosion coatings R&D](https://longbridge.com/en/news/296462748.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**