On November 13, Shanghai International Port (Group) Co., Ltd. (Stock Code: 600018, Stock Abbreviation: SIPG) announced its plan to invest RMB 2 billion of its own funds to jointly establish Shanghai Guomao Holding Co., Ltd. (hereinafter referred to as “Shanghai Guomao”) with Shanghai International Group Co., Ltd. (hereinafter referred to as “International Group”) and several other enterprises. Its shareholding ratio will be 15.38%.
SIPG stated that it is a key entity in the construction of the Shanghai International Shipping Center. By participating in the establishment of Shanghai Guomao, it aims to leverage its own public terminal resource advantages and logistics supply chain system to better utilize the role of Shanghai Port as an international shipping hub and promote the construction of the Shanghai International Shipping Center. Simultaneously, based on existing warehousing and logistics services, it seeks to further explore the potential for value-added services and extend cooperation in the upstream and downstream industrial chains, thereby better achieving synergistic effects and enhancing SIPG’s overall port logistics service level. As the company’s connected legal person, International Group, intends to jointly participate in the investment to establish Shanghai Guomao, this transaction constitutes a connected transaction.
The basic details of Shanghai Guomao are as follows: registered capital is RMB 13 billion; registered address is in Putuo District, Shanghai; business scope includes: engaging in investment activities with own funds, venture capital (limited to investment in unlisted enterprises), investment management, enterprise headquarters management, information consulting services (excluding licensed information consulting services), trade brokerage, domestic trade agency, engaging in import and export business, supply chain management services, offshore trade operations, domestic container cargo transport agency, port operations, ore dressing, metal ore sales, gas operations, biomass fuel production and supply, biomass pellet fuel sales, wholesale of edible agricultural products, primary agricultural product procurement, sales of agricultural and sideline products, sales of chemical products (excluding licensed chemical products), sales of non-metallic minerals and products, information technology consulting services, internet data services, industrial internet data services, data processing services, internet security services, internet information services, software development, network and information security software development, digital content production services (excluding publication and distribution). (Final scope subject to industrial and commercial filing registration information).
It is understood that SIPG’s investment in this project will be made in installments. The company plans to invest RMB 1 billion in both 2025 and 2026, totaling a shareholding ratio of 15.38%. The contributing entities and their respective shareholding ratios are as follows:
