Rizhao Port Jurong (06117) announced that on December 28, 2023, the company made a container order with Rizhao Port...
According to Zhitong Finance App, Rizhao Port Jurong (06117) issued an announcement. On December 28, 2023, the company signed a license agreement with Rizhao Port Containers. Rizhao Port Containers agreed to grant the company a license to use the licensed property for the period from January 1, 2024 to December 31, 2025.
According to reports, the concessionaire includes the West Operation Area West 18 #泊位。, Ishiusu Port District, Rizhao, Shandong Province, China
The concessionaire property is located in the Ishiusu Port area and is mainly used for the company's port operations. The company did not purchase the land from Rizhao Port containers, since purchasing the land may incur significant costs, and this move is commercially unwise for the company. The company has long been licensed to use the land by containers at Rizhao Port, and keeping such arrangements convenient and efficient for the company's operations. Therefore, the directors believe that continuing such transactions is cost-effective and in the overall best interests of shareholders.