Zhuhai Port Holding Group Co,Ltd signed share transfer agreement to acquire 5.50% stake in Qingdao Tianneng Heavy Industries Co.,Ltd (SZSE:300569) from Zheng Xu for approximately CNY 500 million on January 7, 2021. Under the terms of consideration, Zhuhai Port Holding will acquire 21.5 million shares. Upon completion, Zheng Xu will holds 16.47% stake.

An unknown buyer completed the acquisition of 5.50% stake in Qingdao Tianneng Heavy Industries Co.,Ltd (SZSE:300569) from Zheng Xu and Zhuhai Port Holding Group Co., Ltd. on February 8, 2021.