Brief: Tianjin Port Development Says Tianjin Port Co And JV Partner Agreed To Terminate Capital Injection
23/07/2020 16:34
July 23 (Reuters) - Tianjin Port Development Holdings Ltd
3382.HK :
* TIANJIN PORT CO AND JV PARTNER AGREED TO TERMINATE CAPITAL
INJECTION
* PURSUANT TO AGREEMENT, REGISTERED CAPITAL OF SHENHUA
TIANJIN TO
BE DECREASED FROM RMB2.66 BILLION TO RMB1.52 BILLION
* TIANJIN PORT CO & JV PARTNER NOT TO CONTRIBUTE RMB1.14
BILLION
TO SHENHUA TIANJIN
* UPON TERMINATION, INTEREST OF TIANJIN PORT CO AND JV
PARTNER IN
SHENHUA TIANJIN REMAINS UNCHANGED AT 45%, 55%
Source text for Eikon: ID:nHKS6RzXc4
Further company coverage: 3382.HK
((Reuters.Briefs@thomsonreuters.com;))
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