China International Marine Containers (Group) Co., Ltd Class H ( (HK:2039) ) has issued an announcement.

China International Marine Containers is deepening control of its firefighting and airport equipment subsidiary CIMC TianDa by raising its stake through a Hong Kong unit, CIMC HK, from 65.66% to 83.73%. The move fits the group’s strategy of consolidating key subsidiaries with attractive long-term prospects while maintaining a diversified but integrated portfolio across its listed platforms.

CIMC HK has agreed to acquire an 18.07% equity stake in CIMC TianDa from existing shareholder Expedition for the Hong Kong dollar equivalent of USD100 million, valuing the transaction at HKD784.01 million based on an agreed exchange rate. The connected transaction, payable in two cash instalments funded from internal resources, triggers reporting and announcement obligations under Hong Kong listing rules but is exempt from independent shareholder approval, while not constituting a related-party deal under Shenzhen regulations, underscoring careful regulatory navigation for stakeholders.