Jia Funing appointed chairman of Qingdao Port International

On June 11, the board of Directors of Qingdao Port International agreed to elect Jia Funing as chairman of the board for the third term. Agreed to elect Su Jianguang as vice chairman of the board of directors for the third term; Agree to appoint Jia Funing as authorized representative of the company.
 
At the same time, Qingdao Port International and its wholly-owned subsidiary Qingdao Port (Group) Port Engineering transferred 90% and 10% of the equity held by Qingdao Yongli Insurance Agency to Shandong Port Financial Holdings, a wholly-owned subsidiary of Qingdao Port (Group).
 
The equity transfer price is determined based on the value of all the shareholders' equity of Yongli confirmed in the asset appraisal report. The transaction price is RMB 6,0528,700, and the related transaction amount is RMB 6,0528,700.
 
Among them, 90% (RMB 54,475,830.00) shall be paid to Qingdao Port International, and 10% (RMB 6,052,870.00) shall be paid to Qingdao Port Engineering, a wholly-owned subsidiary of the Company.
 
Source: Sarah Yu, XINDE MARINE NEWS

The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.