Shenzhen Capital Operation Group Co.,Ltd. and Shenzhen Capital (Hong Kong) Container Investment Co., Ltd. signed a share transfer agreement to acquire 11.8% stake in China International Marine Containers Co., Ltd. from Broad Ride Limited and Promotor Holdings Limited for CNY 4 billion.
September 06, 2020
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An unknown buyer agreed to acquire a 11.8% stake in China International Marine Containers (Group) Co., Ltd. (SZSE:000039) from Broad Ride Limited on September 7, 2020. Under the terms of the transaction, buyer will acquire 165.8343 million H shares representing 4.62% stake from Broad Ride Limited. Shenzhen Capital Operation Group Co.,Ltd. and Shenzhen Capital (Hong Kong) Container Investment Co., Ltd. signed a share transfer agreement to acquire 11.8% stake in China International Marine Containers (Group) Co., Ltd. (SZSE:000039) from Broad Ride Limited and Promotor Holdings Limited for CNY 4 billion on October 12, 2020. In a related transaction, Shenzhen Capital Operation Group Co.,Ltd. entered into a letter of intent to acquire a 7.20% stake in China International Marine Containers (Group) Co., Ltd. from Broad Ride Limited on August 25, 2020. Combined consideration for both transactions is CNY 2.5 billion.
China International Marine Containers (Group) Co., Ltd. is a leading global producer of containers and transport equipment. Net sales break down by family of products and services as follows:
- road transport vehicles (27.9%);
- containers (22.8%): dry containers, refrigerated containers, tank containers, etc.;
- equipment for food and chemical industries (14%);
- logistics services (11.2%);
- airport equipment (6.5%): freight equipment, boarding bridges, etc.;
- petroleum equipment (5.4%);
- property development services (2.3%);
- finance services (1.8%);
- other (8.1%): primarily construction equipment (semi-trailers, tanker trucks, dump trucks, concrete mixers, garbage compressors, road sweepers, high pressure washers, etc.).
Net sales are distributed geographically as follows: China (60.2%), Asia (3.9%), Americas (18.9%), Europe (15.2%), and other (1.8%).
Shenzhen Capital Operation Group Co.,Ltd. and Shenzhen Capital (Hong Kong) Container Investment Co., Ltd. signed a share transfer agreement to acquire 11.8% stake in China International Marine Containers Co., Ltd. from Broad Ride Limited and Promotor Holdings Limited for CNY 4 billion.
CHINA INTERNATIONAL MARINE CONTAINERS (GROUP) CO., LTD. 
