NWS’ proposed disposal of equity interest in Xiamen Container Terminal Group for RMB1,568 million
(30 June 2021, Hong Kong) NWS Holdings Limited (“NWS” or the “Group”; HK stock code: 659) announced today that after trading hours on 30 June 2021, has entered into a Framework Agreement with Xiamen International Port Co., Ltd (HK Stock code: 3378), for the proposed disposal of its entire 20% equity interest in Xiamen Container Terminal Group Co., Ltd (“XCTG”) at a consideration of RMB1,568 million (equivalent to approximately HK$1,878 million). Upon completion of the transaction, the Group will no longer hold any equity interest in XCTG and will have fully exited all investments in port-related projects.
