Liaoning Port (HKG:2880) said its wholly owned subsidiary DBR agreed to buy the Jifa Beihai vessel from Wantong Logistics for 81.6 million.
DBR will pay the full consideration within three business days after the agreement takes effect and receipt of a compliant VAT invoice, according to a Friday Hong Kong bourse filing. The vessel's ownership will transfer to DBR upon completion of the handover.
The purchase is expected to be funded mainly from the group's internal resources.
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