Shanghai Port Group: Intends to invest no more than 1 billion RMB in the capital increase of Anji Logistics

On November 21st, Jin10 Data reported that Shanghai International Port (Group) Co., Ltd. plans to invest no more than 1 billion yuan to participate in SAIC Anji Logistics Co., Ltd.'s capital increase project through Shanghai United Property Rights exchange's public delisting method. The expected shareholding ratio after the capital increase is 10%. COSCO Shipping Holdings Co., Ltd., which holds more than 5% of the company's shares, also plans to participate in this capital increase project. The transaction is a joint investment with related parties and constitutes a related-party transaction. The transaction aims to deepen the close cooperation between Shanghai International Port (Group) Co., Ltd. and SAIC Motor Corporation Limited in the field of global digital Supply Chain, etc., enhance the market competitiveness of the company's rolling business, and promote the construction of Shanghai International Shipping Center. The transaction is still in the public listing stage of the Hong Kong Stock Exchange, and there is uncertainty.