Liaonings two major ports integrate Dalian port and plan to exchange shares, absorb and merge Yingkou Port

category:Finance
 Liaonings two major ports integrate Dalian port and plan to exchange shares, absorb and merge Yingkou Port


Yingkou Port was founded on March 22, 2000 and listed on January 31, 2002. The controlling shareholder is currently Yingkou Port Group Co., Ltd. with a shareholding ratio of 78.29%. The actual controller is also China Merchants Group. The total share capital of Yingkou port is 6.47 billion shares, and the share price before the suspension is 2.21 yuan.

The data shows that the operating revenue and net profit of Dalian port in 2019 are 6.646 billion yuan and 718 million yuan respectively, and the data in the first quarter of 2020 are 1.503 billion yuan and 182 million yuan respectively.

Two major ports in Liaoning are integrated, and Dalian Port plans to exchange shares to absorb and merge Yingkou Port

In contrast, Yingkou Ports revenue scale is less than Dalian port, but its net profit is more than Dalian port. The operating revenue and net profit of Yingkou port in 2019 are 4.768 billion yuan and 1.012 billion yuan respectively, and the data in the first quarter of 2020 are 1.149 billion yuan and 292 million yuan respectively.

This may have happened last year. On October 1, 2019, Dalian port and Yingkou port announced that the actual controllers of the company had changed, and the actual controllers of both companies were changed from state owned assets supervision and Administration Commission of Liaoning Provincial Peoples government to China Merchants.

However, due to the announcement did not do more disclosure, so the stock price did not rise. So, how will the market react after both sides throw out the heavy reorganization plan?