The targeted stock equities include 1.59% shares of Qingdao Port and 0.02% shares of Cosco Shipping Holding.
The stake sale transactions are beneficial to the company’s asset structure optimization and will improve the company’s financial status, commented Zhenhua.
Zhenhua recently reports a 73.5% net profit drop for the first quarter of this year. The company is facing pressures from performance decline and profitability falling.
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