SEHK:6198Infrastructure
Will Gaining Effective Control of Ganglianhai Logistics Change Qingdao Port International's (SEHK:6198) Narrative
Qingdao Port International recently amended its Articles of Association to give its unit Qingdao Port Logistics effective control over Ganglianhai Logistics, allowing the formerly jointly controlled entity to be consolidated as a subsidiary despite each partner still holding 50% equity.
This shift in control structure, classified as a connected transaction under Hong Kong Listing Rules without requiring independent shareholder approval, materially reshapes how Ganglianhai’s operations and...