Rizhao Port Jurong Co. Ltd. Class H (HK:6117) has released an update.
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Rizhao Port Jurong Co. Ltd. has entered into a new agreement with SDP Shanhai Property to continue procuring office logistics services from 2025 to 2027. This transaction, classified as a connected transaction under Hong Kong’s listing rules, involves SDP Shanhai Property, a subsidiary of the company’s controlling shareholder, Shandong Port Group. The agreement requires reporting and annual review due to its size, but it is exempt from needing independent shareholder approval.
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