Core Viewpoint - Tianjin Port Development (03382) announced the acquisition of a total of 40% equity in Alliance International Company, increasing its stake from 60% to 100%, which is expected to enhance operational efficiency and competitiveness in the container business [1] Group 1: Acquisition Details - The acquisition involves Tianjin Port Company purchasing 20% equity from APM Tianjin International Company and 20% from PSA China Company, with a total cost of approximately RMB 723 million [1] - The completion of the acquisition will result in Tianjin Port Development having full control over Alliance International Company, which will continue to operate as a subsidiary [1] Group 2: Strategic Benefits - The acquisition is aimed at promoting the development of smart and green ports, allowing for flexible resource allocation to enhance specialization and scale in container operations [1] - Based on the revenue and profit data from the past five years of Alliance International Company, the acquisition is expected to increase shareholder profits and provide better returns for shareholders [1]