Liaoning Transportation Investment CO.,LTD. completed the acquisition of 14% stake in Bohai Ferry Group Co., Ltd. from Liaoyu Group Co.,Ltd. for CNY 620 million.
March 24, 2024
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Liaoning Transportation Investment CO.,LTD. entered into share transfer agreement to acquire 14% stake in Bohai Ferry Group Co., Ltd. (SHSE:603167) from Liaoyu Group Co.,Ltd. on March 4, 2024. Liaoyu will transfer 65.7 million shares of Bohai. The transaction is conditional on the approval by the State-owned Assets Supervision and Administration Commission of Liaoning Province. As on March 6, 2024, the transaction is still subject to compliance confirmation of the Shanghai Stock Exchange.
Liaoning Transportation Investment CO.,LTD. completed the acquisition of 14% stake in Bohai Ferry Group Co., Ltd. (SHSE:603167) from Liaoyu Group Co.,Ltd. for CNY 620 million on March 25, 2024.
Bohai Ferry Group Co., Ltd., formerly Bohai Ferry Co., Ltd., is a China-based company, principally engaged in the roll-on/roll-off (ro-ro) passenger transportation business. The Company operates ro-ro passenger transportation businesses from Yantai to Dalian and Penglai to Lvshun. The Company primarily engages in automobile transportation and passenger transportation. In addition, the Company is also engaged in cruise business and international ro-ro passenger transportation businesses.
Liaoning Transportation Investment CO.,LTD. completed the acquisition of 14% stake in Bohai Ferry Group Co., Ltd. from Liaoyu Group Co.,Ltd. for CNY 620 million.