Dalian Port A Share Issue Is Approved Through &Nbsp, And Will Be Listed As A Whole.

In November 13th, Dalian Port (02880.HK) issued a notice that the China Securities Regulatory Commission has agreed to apply for A shares issued by the company, through the public offering and placement of the total stock does not exceed 1 billion 500 million shares, the proceeds will be used for acquisitions. Major shareholder assets Dalian Port will achieve the whole. list 。

According to the letter of intent of Dalian Port initial public offering of A share prospectus (hereinafter referred to as the "letter of intent"), the number of public offering does not exceed 1 billion 200 million shares, the number of directional placement to Dalian Port Corporation Limited is not more than 1 billion 200 million shares, and the amount of public offering and the number of placing shares to Dalian Port group is no more than 1 billion 500 million shares, which does not exceed 33.90% of the total share capital issued. After the issuance of A shares, the total share capital of the company does not exceed 4 billion 426 million shares, of which A shares do not exceed 3 billion 363 million 400 thousand shares, and H shares do not exceed 1 billion 62 million 600 thousand shares. The issue will be held on the Shanghai stock exchange.

The letter of intent indicates that the issue of A shares has been issued to the public and issued to the Dalian Port group in a targeted manner. The targeted shares are used to acquire port and port businesses and related assets owned by Dalian Port group, including ore terminals and related logistics businesses, general cargo terminals and related logistics businesses, bulk grain terminals and related logistics businesses, RO ro terminals and related logistics businesses, port support businesses and related assets. It includes the equity of 14 subsidiaries of the Dalian Port group, 6 branches and other related assets of the Dalian Port group. The public offering funds will be used for port infrastructure construction, port special equipment purchase, and port type joint venture investment projects.

Dalian Port mainly trades in oil / liquid chemicals wharves and related logistics businesses, container terminals and related logistics businesses, automobile terminals and related logistics services, and provides port value-added services such as tugs and tally. In terms of throughput in 2009, the company is the largest oil / liquid chemical product, container and specialized vehicle terminal operator in the northeast region.

After the acquisition, the company's cargo structure is more diversified and its industrial chain is more perfect. The company is expected to become the largest comprehensive port terminal operator in Northeast China.