Qingdao Port International Co., Ltd. (SEHK:6198) agreed to acquire 51% stake in Shandong Source Pipeline Logistics Co., Ltd. from SPG Yantai Port Group Company Limited on June 30, 2024. Qingdao Port International's plans to raise funds through issuance of shares using a price inquiry method for this restructuring or transaction.

The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board.