Tianjin Port No. 4 Stevedoring Co., Ltd. announced that it expects to receive CNY 693.7 million in funding from Tianjin Port Development Holdings Limited, Shanghai Zhonggu Logistics Co., Ltd.
February 24, 2022
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Tianjin Port No. 4 Stevedoring Co. entered into the capital increase agreement with returning investor Tianjin Port Development Holdings Limited and new investor Shanghai Zhonggu Logistics Co., Ltd. for CNY 693.70 million on February 25, 2022. The company will include CNY 615.8459 million as registered capital and CNY 778.5410 million as capital reserve of the company. Post the closing, Tianjin Port Development Holdings Limited's stake in the company will decrease from 100% to 65%, and Shanghai Zhonggu Logistics Co., Ltd. will acquire a 35% stake in the company.
On the same day, the company received CNY 200 million in its first tranche from Shanghai Zhonggu Logistics Co., Ltd.
Shanghai Zhonggu Logistics Co Ltd is a China-based company that provides customers with customized full container logistics solutions. The Company integrates national railway and highway resources to form a road, rail, and water three-dimensional logistics network, and establishes a multimodal transport integrated logistics system centered on water transport. The Company's land transportation business is land transportation under the multimodal transportation service mode, including water-rail combined transportation, road-water combined transportation and a small number of road-rail combined transportation services. The Company mainly conducts its businesses in the China market.
Tianjin Port No. 4 Stevedoring Co., Ltd. announced that it expects to receive CNY 693.7 million in funding from Tianjin Port Development Holdings Limited, Shanghai Zhonggu Logistics Co., Ltd.