Shanghai International Port Group (HK) Co., Limited agreed to acquire Cosco Ports Co., Ltd. from COSCO SHIPPING Ports Limited for approximately CNY 370 million.

Shanghai International Port Group (HK) Co., Limited agreed to acquire Cosco Ports (Nanjing) Co., Ltd. from COSCO SHIPPING Ports Limited (SEHK:1199) for approximately CNY 370 million on September 18, 2019. In December 31, 2018, Cosco Ports (Nanjing) reported total assets of CNY 292 million, total common equity of CNY 108 million, total revenue of CNY .712 million and net profit of CNY .707 million.