Zhitong Finance and Economics APP news, Binhai Teda (08348) Logistics announced that on November 5, 2024, the company (as the seller), Beijing Boshun Business Management Co., Ltd. (as the buyer), and the target company (Teda Hang (Tianjin) Cold Chain Logistics Co., Ltd.) entered into an equity transfer agreement for 60% equity of the target company, with a final price of RMB 93.1232 million.

At the extraordinary general meeting of shareholders held on September 6, 2024, the company obtained shareholder approval for the potential sale and granting of recommendations. As of the date of this announcement, the buyer has paid a total deposit of RMB 27.93 million, which will be used as part payment of the final price. The remaining RMB 65.1932 million (after deducting the above deposit) will be paid by the buyer to the company within five working days after the signing of the equity transfer agreement. The proposed sale is expected to be completed by the end of November 2024.

After the completion of the relevant potential sale, the target company will no longer be a joint venture of the company.