Rizhao Port Co.,Ltd (SHSE:600017) intends to acquire Rizhao Port Container Development Co., Ltd from SPG Rizhao Port Group Co., Ltd for CNY 2.8 billion on March 30, 2023. Rizhao Port Container Development has reported net assets of CNY 2.32 billion and total assets of CNY 3.46 billion on January 31, 2023. The board of Rizhao Port has unanimously approved the deal on March 30, 2023 and still needs to be approved by the general meeting of shareholders.

As of April 20, 2023, shareholders of Rizhao Port Co.,Ltd approved the transaction.