Qingdao Port International Co Ltd Class H (HK:6198) has released an update.
Qingdao Port International Co., Ltd. has announced its intention to proceed with an adjusted asset restructuring proposal, which includes significant changes in the acquisition of various equity interests and is expected to exceed a 20% adjustment in several financial indicators. To maintain market fairness and prevent unusual share price movements, the company’s A shares will be suspended for no more than 5 trading days starting 10 July 2024, while H shares will continue trading. This restructuring is classified as a connected and notifiable transaction, requiring compliance with Hong Kong Listing Rules and A share issuance regulations.
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