SIPG(SH:600018) Shang Hai Zheng Quan Bao·2025-11-13 18:13Core Viewpoint - Shanghai International Port Group plans to invest RMB 2 billion to establish Shanghai Guomao Holdings Co., Ltd., holding a 15.38% stake in the new company [5][7][16] Group 1: Investment Overview - The company will use its own funds to invest RMB 2 billion in collaboration with Shanghai International Group and other state-owned enterprises [5][7] - The investment aims to enhance the logistics service level and support the construction of Shanghai as an international shipping center [7][15] Group 2: Board Approval Process - The third board meeting was held on November 13, 2025, where the investment proposal was unanimously approved with 9 votes in favor and no opposition [2][16] - The independent directors also supported the proposal, confirming it was submitted for board review [2][17] Group 3: Transaction Details - The registered capital of Shanghai Guomao is set at RMB 13 billion, with the company focusing on investment activities, management, and logistics services [12] - The investment will be made in two installments of RMB 1 billion each in 2025 and 2026 [12] Group 4: Related Party Transactions - The transaction is classified as a related party investment due to the involvement of Shanghai International Group, which holds a 100% stake in the controlling entity of the company [8][9] - Previous transactions with the same related party totaled RMB 2.48 billion over the past 12 months, which did not exceed 5% of the company's latest audited net assets [6][9]