Nanjing ShengHang Shipping Co., Ltd. (SZSE:001205) agreed to acquire an additional 30.37% stake in Shenzhen Haifa Shipping Co., Ltd. for approximately CNY 250 million on June 5, 2024. A cash consideration of CNY 251.49 million will be paid by Nanjing ShengHang Shipping Co., Ltd. As part of consideration, CNY 251.49 million is paid towards common equity of Shenzhen Haifa Shipping Co., Ltd. As of March 31, 2024, Shenzhen Haifa Shipping Co., Ltd. reported total assets of CNY 732.42 million and total common equity of CNY 614.17 million. The deal has been approved by the board of Nanjing ShengHang.