Tianjin Port Development Holdings Considers Divesting Subsidiary Stake
Tianjin Port Development Holdings (HK:3382) announced plans to divest its 60% stake in subsidiary Tianjin Zhongtie Storage and Transportation Co., Ltd. via a public listing on the Tianjin Property Rights Exchange Centre. This strategy aims to enhance core business focus and long-term competitiveness. Final terms of the transaction are pending, with no binding agreement yet. The latest analyst rating for HK:3382 is a Hold with a price target of HK$1.00. The company operates in logistics, focusing on port operations, and aims to develop a world-class green and smart hub port.
The latest announcement is out from Tianjin Port Development Holdings ( (HK:3382) ).
Tianjin Port Development Holdings Limited announced a potential disposal of its 60% equity interest in its subsidiary, Tianjin Zhongtie Storage and Transportation Co., Ltd., through a public listing on the Tianjin Property Rights Exchange Centre. This move is intended to allow the company to concentrate on its core business areas, improve its long-term competitiveness and profitability, and align with its overall development plan. The transaction’s final terms, including the transferee and price, are yet to be determined, and the company has not entered into any binding agreement as of the announcement date.
The most recent analyst rating on (HK:3382) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Tianjin Port Development Holdings stock, see the HK:3382 Stock Forecast page.
More about Tianjin Port Development Holdings
Tianjin Port Development Holdings Limited operates in the logistics and transportation industry, primarily focusing on port loading and unloading logistics. The company aims to enhance its core competitiveness and sustainable operational quality, aligning with its goal to develop a world-class green and smart hub port.
Average Trading Volume: 2,340,656
Technical Sentiment Signal: Buy
Current Market Cap: HK$4.18B
