Zhitong Finance App News, Qingang Co., Ltd. (03369) announced that the company's holding subsidiary Tangshan Caofeidian Coal Port Co., Ltd. (“Caofeidian Coal Port”) plans to transfer 18.03% of its shares in Tangshan Port Caofeidian Tug Co., Ltd. (“Cao Tug Company”) to Hebei Port Group Co., Ltd. (“Hebei Port Group”), the controlling shareholder of the company, Hebei Port Group (“Hebei Port Group”) and the company plans to transfer the assets related to the company's shipping branch (“Shipping Company”) to Qinhuangdao Shipping, a wholly-owned subsidiary of Hebei Port Group Ltd. (“Zhiyuan” “Shipping companies”).
The transaction to transfer 18.03% of Cao Tow Boat Company's shares used August 31, 2023 as the evaluation reference date. The asset evaluation agency issued an asset evaluation report to determine the transfer price based on the registered asset valuation value. The estimated valuation value is between 140 million yuan and 160 million yuan. It is proposed to hire an evaluation agency with corresponding qualifications to evaluate the transaction for the transfer of the shipping company. The estimated valuation value is between 110 million yuan and 130 million yuan.
According to reports, Cao Tow Boat Company was established on March 16, 2010 with a registered capital of 445.3 million yuan. The legal representative is Ma Guohong, and his residence is Caofeidian Industrial Zone Industrial Company. The net profit of Cao Tug Boat Company in 2022 was 61,500.2 yuan.
The shipping company was founded on May 30, 2008. The main business is tugboat towing operations in the waters of Qinhuangdao Port. Other businesses include maritime traffic, maritime rescue, escort, crew labor assignment, tugboat assignment, and long-haul towing operations. The shipping company's net loss for 2022 was 6.3713 million yuan; net profit for January-September 2023 was 4.4338 million yuan.