Qinhuangdao Port said on 20 October 2026 that it had signed an intent agreement with its controlling shareholder, Hebei Port Group, to acquire stakes in four port companies at Caofeidian, paid in new A shares and cash.
Why Qinhuangdao Port Co., Ltd. is buying Stakes in four Caofeidian port companies (from Hebei Port Group)
The deal would consolidate Hebei Port Group's interests at Caofeidian, a major northern coal-loading port, in the listed company. Qinhuangdao Port already owns 35% of Caofeidian Shiye Port, 15% of SDIC Caofeidian Port and 51% of Caofeidian Coal Port.
Deal terms and financing
Qinhuangdao Port would buy 25% of Tangshan Caofeidian Shiye Port, 24% of SDIC Caofeidian Port, 28.2328% of Huaneng Caofeidian Port and 6% of Tangshan Caofeidian Coal Port. The price will be negotiated on the basis of a valuation report filed with the authorities and set out in a formal agreement.
Regulatory approvals and timing
The company said the deal may be a major and connected transaction under Hong Kong listing rules but is not expected to be a material asset restructuring under CSRC rules. Its A shares were suspended from 21 October 2026 for up to ten trading days while the plan is prepared.
Market context
Hebei Port Group, a provincial state-owned enterprise formed in 2022, holds 58.27% of Qinhuangdao Port, which is listed in Hong Kong and Shanghai.
