Hubei Port Group Co., Ltd. agreed to acquire 12.34% stake in China Infrastructure & Logistics Group Ltd. (SEHK:1719) on March 4, 2022. The deal is expected to close on March 25, 2022. China International Capital Corporation Hong Kong Securities Limited acted as financial advisor to Hubei Port Group Co., Ltd. Rainbow Capital (HK) Limited acted as financial advisor to China Infrastructure & Logistics Group Ltd.

Hubei Port Group Co., Ltd. completed the acquisition of 12.34% stake in China Infrastructure & Logistics Group Ltd. (SEHK:1719) on March 25, 2022.