China Merchants Port (00144) rose more than 10% in the intraday period. As of press release, it rose 8.09% to HK$13.9, with a turnover of HK$0.304 billion. It is worth noting that China Merchants Port (001872.SZ), the largest shareholder of the company, blocked the rise and fall during the intraday period.
The Zhitong Finance App learned that China Merchants Port (00144) rose more than 10% in the intraday period. As of press release, it had risen 8.09% to HK$13.9, with a turnover of HK$0.304 billion. It is worth noting that China Merchants Port (001872.SZ), the largest shareholder of the company, blocked the rise and fall during the intraday period.
According to the news, China Merchants Port previously announced that it has acquired 70% of Brazil's shares in Vast from an independent third party, Prumo, which operates an onshore crude oil transfer terminal at the port of Aso in Rio de Janeiro, Brazil. Currently, the average daily processing volume is 0.56 million barrels per day, the cash cost is 0.448 billion US dollars (about 3.494 billion HKD), and the adjusted final purchase price is no more than 0.714 billion US dollars (approximately HK$5.569 billion).
China Merchants Securities previously released a research report stating that China Merchants Port is a port sector operation and capital operation platform under the China Merchants Group. The actual controller of the company is China Merchants Group. Up to now, China Merchants Group holds a total of 62.97% of China Merchants Port's shares. In terms of the shareholding situation, the company holds about 49.67% of the shares in China Merchants Port and indirectly holds 28.05% of SIPG Group's shares through China Merchants Port, making it the second largest shareholder of the SIPG Group; at the same time, it also holds 23.08% of the shares in Ningbo Port. The equity structure determines that most of the company's profits come from investment income, and the ratio of investment income to the total profit of the company remains at least 70%.