On September 20th, Guangzhou Port (601228.SH) announced that its wholly-owned subsidiary Guangzhou Port Logistics Co., Ltd. (referred to as "Logistics Company") plans to repurchase part of the shareholders' shares and reduce the registered capital correspondingly in the joint venture company Zhonglian Shipping Co., Ltd. (referred to as "Zhonglian Shipping"). Zhonglian Shipping will repurchase a total of 98,122,180 shares this time, and the repurchased shares will be cancelled. The Logistics Company plans to participate in the repurchase of Zhonglian Shipping's shares and reduce its holdings. The number of shares to be reduced by the Logistics Company is 22,661,992 shares, estimated to receive a cash income of approximately 78.95 million yuan. After participating in the repurchase, the Logistics Company's shareholding ratio will decrease to 14.707880%.
广州港(601228.SH)：物流公司拟参与股份回购并减持中联航运股份
Guangzhou Port (601228.SH): The logistics company plans to participate in share buybacks and reduce its shareholding in China COSCO Shipping Corporation Limited.
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