Zheng Quan Ri Bao Zhi Sheng·2025-10-22 12:11Core Points - China National Foreign Trade Transportation Group announced the sale of a 25% stake in Luckai International Holdings by its subsidiary, China Merchants Shipping Company, through an overseas equity transfer agreement [1] - The transaction is expected to generate an investment income of approximately RMB 1.65 billion after deducting related transaction costs, based on the book value of Luckai International as of September 30, 2025 [1] - Following the transaction, China Merchants Shipping will hold a 20% stake in Luckai International, which will continue to be an associate company of China National Foreign Trade Transportation Group [1] Summary by Sections Transaction Details - The fourth board meeting of China National Foreign Trade Transportation Group is scheduled for June 26, 2025, to review the proposal for the sale of the stake [1] - All preconditions for the transaction were met and completed by October 21, 2025, ensuring that normal business operations will not be affected [1] Financial Impact - The expected investment income from the transaction is approximately RMB 1.65 billion, calculated using the exchange rate of 1 USD to 7.093 RMB as of October 21, 2025 [1] - The final figures will be subject to audit and do not include tax implications [1]