Shenzhen Int'l (00152.HK) announced a related party transaction, where its subsidiary Bay Area Investment and a non-wholly owned subsidiary Ping Shen International signed a debt-for-equity swap agreement involving a total principal amount of RMB 300 million. After completion, Bay Area Investment's shareholding in Ping Shen International will increase from 70% to 80.92%, which holds the in-progress intelligent logistics port project in Shenzhen Pingshan.
深圳國際(00152.HK)3億人民幣增持深圳坪山物流港項目
Shenzhen Int'l (00152.HK) increased shareholding in the Shenzhen Pingshan Logistics Port project by 300 million yuan.
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