Xiamen International Trade Group Corp., Ltd. (SHSE:600755), New World (Xiamen) Port Investments Limited, Xiamen Xiangyu Logistics Group Co., Ltd., Xiamen Port Holding Group Co., Ltd, Xiamen International Port Co., Ltd. (SEHK:3378), Xiamen Port Logistics Co., Ltd. and Pointer Investment (H.K.) Ltd. signed an agreement to acquire Xiamen ITG Terminals Co., Ltd. from Xiamen International Trade Group Corp., Ltd. (SHSE:600755) and Pointer Investment (H.K.) Ltd. on February ... 25, 2013. Simultaneously Xiamen International Trade Group, New World (Xiamen) Port Investments Limited, Xiamen Xiangyu Logistics Group Co., Ltd., Xiamen Port Holding Group Co., Ltd, Xiamen International Port Co., Ltd., Xiamen Port Logistics Co., Ltd. and Pointer Investment (H.K.) Ltd. will also acquire Xiamen Port Group Haitian Container Terminals Co., Ltd., Xiamen New World Xiangyu Terminals Co., Ltd. and Xiamen Haicang Port Company Limited. Xiamen ITG Terminals reported unaudited net asset value as at June 30, 2012 of CNY 195.04 million. Audited net profit before taxation and after taxation for the year ended December 31, 2011 was CNY 4.56 million. Transaction is subject to Board of Directors and shareholders of parties to the agreement, approvals required by China authorities including approval from the Ministry of Commerce of the PRC, approval from the Ministry of Commerce of the PRC in respect of anti-trust, approval from the NDRC and approval from the State-owned Assets Supervision and Administration Commission of Xiamen Government and approvals from governmental or regulatory bodies of Hong Kong. A special committee will be established to make recommendations. The agreement will automatically lapse and be of no further effect if the conditions precedent is not fulfilled within eight months after signing of agreement. The shareholder meeting of Xiamen International Port Co. is scheduled on June 27, 2013. An Independent Board Committee including Liu Feng, Zhen Hong, Hui Wang Chuen, Lin Pengjiu and Huang Shumeng, has been established to advise the shareholders. As on May 6, 2013, the Board of Directors of Xiamen International Port Co. recommended the shareholders to approve the transaction. First Shanghai Capital Limited acted as financial advisor for the Independent Board Committee. China Tong Cheng Assets Appraisal Co., Ltd. acted as the appraiser for the transaction. PricewaterhouseCoopers acted as accountants, Savills Valuation and Professional Services Limited acted as independent property valuer, Zhongtongcheng Asset Valuation Co., Ltd. acted as professional valuer, Beijing Global Law Office acted as legal advisor, CASH Financial Services Group Ltd. acted as financial advisor and Computershare Hong Kong Investor Services Limited acted as registrar for Xiamen International Port Co.
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Xiamen Port Holding Group Co., Ltd, Xiamen Xiangyu Logistics Group Co., Ltd., Xiamen International Trade Group Corp., Ltd. (SHSE:600755), New World (Xiamen) Port Investments Limited, Xiamen International Port Co., Ltd. (SEHK:3378), Pointer Investment (H.K.) Ltd., Xiamen Port Logistics Co., Ltd. signed an agreement to acquire Xiamen Haicang Port Company Limited from Xiamen International Trade Group Corp., Ltd. (SHSE:600755) and Xiamen International Port Co., Ltd. (SEHK:3378) ... on February 25, 2013. Simultaneously Xiamen International Trade Group Corp., New World (Xiamen) Port Investments Limited, Xiamen Xiangyu Logistics Group Co., Ltd., Xiamen Port Holding Group Co., Ltd, Xiamen International Port Co., Ltd., Xiamen Port Logistics Co., Ltd. and Pointer Investment (H.K.) Ltd. will also acquire Xiamen ITG Terminals Co., Ltd., Xiamen Port Group Haitian Container Terminals Co., Ltd. and Xiamen New World Xiangyu Terminals Co., Ltd. Xiamen Haicang reported unaudited net asset value as at June 30, 2012 of CNY 629.41 million. Audited net profit before taxation and after taxation for the year ended December 31, 2011 was CNY 20.93 million. Transaction is subject to Board of Directors and shareholders of parties to the agreement, approvals required by China authorities including approval from the Ministry of Commerce of the People’s Republic of China, approval from the Ministry of Commerce of the People’s Republic of China in respect of anti-trust, approval from the National Development and Reform Commission and approval from the State-owned Assets Supervision and Administration Commission of Xiamen Government and approvals from governmental or regulatory bodies of Hong Kong. A special committee will be established to make recommendations. The agreement will automatically lapse and be of no further effect if the conditions precedent is not fulfilled within eight months after signing of agreement. Xiamen International Port will appoint the independent financial adviser to make recommendations to the independent Board committee. The shareholder meeting of Xiamen International Port Co. is scheduled on June 27, 2013. An Independent Board Committee including Liu Feng, Zhen Hong, Hui Wang Chuen, Lin Pengjiu and Huang Shumeng, has been established to advise the shareholders. As on May 6, 2013, the Board of Directors of Xiamen International Port Co. recommended the shareholders to approve the transaction. First Shanghai Capital Limited acted as financial advisor for the Independent Board Committee. China Tong Cheng Assets Appraisal Co., Ltd. acted as the appraiser for the transaction. PricewaterhouseCoopers acted as accountants, Savills Valuation and Professional Services Limited acted as independent property valuer, Zhongtongcheng Asset Valuation Co., Ltd. acted as professional valuer, Beijing Global Law Office acted as legal advisor, CASH Financial Services Group Ltd. acted as financial advisor and Computershare Hong Kong Investor Services Limited acted as registrar for Xiamen International Port Co.
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Xiamen Port Holding Group Co., Ltd, Xiamen Xiangyu Logistics Group Co., Ltd., Xiamen International Trade Group Corp., Ltd. (SHSE:600755), New World (Xiamen) Port Investments Limited, Xiamen International Port Co., Ltd. (SEHK:3378), Pointer Investment (H.K.) Ltd., Xiamen Port Logistics Co., Ltd. signed an agreement to acquire Xiamen New World Xiangyu Terminals Co. Ltd. from New World (Xiamen) Port Investments Limited and Xiamen Xiangyu Logistics Group Co., Ltd. on February ... 25, 2013. Simultaneously Xiamen International Trade Group Corp., New World (Xiamen) Port Investments Limited, Xiamen Xiangyu Logistics Group Co., Ltd., Xiamen Port Holding Group Co., Ltd, Xiamen International Port Co., Ltd., Xiamen Port Logistics Co., Ltd. and Pointer Investment (H.K.) Ltd. will also acquire Xiamen ITG Terminals Co., Ltd., Xiamen Port Group Haitian Container Terminals Co., Ltd. and Xiamen New World Xiangyu Terminals Co., Ltd. Xiamen Haicang reported unaudited net asset value as at June 30, 2012 of CNY 629.41 million. The audited net profit before taxation and after taxation of Xiamen New World Xiangyu Terminals Co. Ltd. for the year ended December 31, 2011 was CNY 85.1 million and CNY 68.48 million respectively. The transaction is subject to approval by Board of Directors and shareholders of parties to the agreement, approvals required by China authorities including approval from the Ministry of Commerce of the People’s Republic of China, approval from the Ministry of Commerce of the People’s Republic of China in respect of anti-trust, approval from the National Development and Reform Commission and approval from the State-owned Assets Supervision and Administration Commission of Xiamen Government and approvals from governmental or regulatory bodies of Hong Kong. A special committee will be established to make recommendations. The agreement will automatically lapse and be of no further effect if the conditions precedent is not fulfilled within eight months after signing of agreement. Xiamen International Port will appoint the independent financial adviser to make recommendations to the independent Board committee. The shareholder meeting of Xiamen International Port Co. is scheduled on June 27, 2013. An Independent Board Committee including Liu Feng, Zhen Hong, Hui Wang Chuen, Lin Pengjiu and Huang Shumeng, has been established to advise the shareholders. As on May 6, 2013, the Board of Directors of Xiamen International Port Co. recommended the shareholders to approve the transaction. First Shanghai Capital Limited acted as financial advisor for the Independent Board Committee. China Tong Cheng Assets Appraisal Co., Ltd. acted as the appraiser for the transaction. PricewaterhouseCoopers acted as accountants, Savills Valuation and Professional Services Limited acted as independent property valuer, Zhongtongcheng Asset Valuation Co., Ltd. acted as professional valuer, Beijing Global Law Office acted as legal advisor, CASH Financial Services Group Ltd. acted as financial advisor and Computershare Hong Kong Investor Services Limited acted as registrar for Xiamen International Port Co.
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Xiamen International Trade Group Corp., Ltd. (SHSE:600755), New World (Xiamen) Port Investments Limited, Xiamen Xiangyu Logistics Group Co., Ltd., Xiamen Port Holding Group Co., Ltd, Xiamen International Port Co., Ltd. (SEHK:3378), Xiamen Port Logistics Co., Ltd. and Pointer Investment (H.K.) Ltd. signed an agreement to acquire 51% stake in Xiamen Haicang International Container Terminals Ltd. from Xiamen International Port Co., Ltd. (SEHK:3378) on February 25, 2013. ... Simultaneously Xiamen International Trade Group Corp., New World (Xiamen) Port Investments Limited, Xiamen Xiangyu Logistics Group Co., Ltd., Xiamen Port Holding Group Co., Ltd, Xiamen International Port, Xiamen Port Logistics Co., Ltd. and Pointer Investment (H.K.) Ltd. will also acquire Xiamen Port Group Haitian Container Terminals Co., Ltd., Xiamen New World Xiangyu Terminals Co., Ltd. and Xiamen Haicang Port Company Limited. Xiamen Haicang International Container Terminals reported unaudited net asset value as at June 30, 2012 of CNY 723.39 million. Audited net profit before taxation and after taxation for the year ended December 31, 2011 was CNY 38.43 million and CNY 33.57 million respectively. Transaction is subject to Board of Directors and shareholders of parties to the agreement, approvals required by China authorities including approval from the Ministry of Commerce of the PRC, approval from the Ministry of Commerce of the PRC in respect of anti-trust, approval from the NDRC and approval from the State-owned Assets Supervision and Administration Commission of Xiamen Government and approvals from governmental or regulatory bodies of Hong Kong. A special committee will be established to make recommendations. The agreement will automatically lapse and be of no further effect if the conditions precedent is not fulfilled within eight months after signing of agreement. The shareholder meeting of Xiamen International Port Co. is scheduled on June 27, 2013. An Independent Board Committee including Liu Feng, Zhen Hong, Hui Wang Chuen, Lin Pengjiu and Huang Shumeng, has been established to advise the shareholders. As on May 6, 2013, the Board of Directors of Xiamen International Port Co. recommended the shareholders to approve the transaction. First Shanghai Capital Limited acted as financial advisor for the Independent Board Committee. China Tong Cheng Assets Appraisal Co., Ltd. acted as the appraiser for the transaction. PricewaterhouseCoopers acted as accountants, Savills Valuation and Professional Services Limited acted as independent property valuer, Zhongtongcheng Asset Valuation Co., Ltd. acted as professional valuer, Beijing Global Law Office acted as legal advisor, CASH Financial Services Group Ltd. acted as financial advisor and Computershare Hong Kong Investor Services Limited acted as registrar for Xiamen International Port Co.
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Xiamen International Trade Futures Brokerage Co., Ltd. announced that it will receive CNY 400 million in equity financing on November 22, 2012. The transaction will see participation from existing investor, Xiamen International Trade Group Corp., Ltd. The transaction was approved in 8th session for its 7th directorate by the investor. Upon closing, registered capital will become CNY 500 million.

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