Sinotrans CSC Nanjing Port Authority will be restructured equity

Nanjing, Hong Kong has announced that the company recently received the Port Authority "on efforts to matters related to restructuring and reorganizing of Nanjing Port Authority disclosure letter." The letter said that the introduction of Nanjing in SINOTRANS SAC as a strategic investor, in Nanjing, the draft related to restructuring and reorganizing the Port Authority, in accordance with relevant laws and regulations be submitted to Congress for deliberation Nanjing Port Authority workers to vote. The announcement also said that the Nanjing Port Authority set up after the restructuring and reorganizing the new company still Nanjing SAC Holdings, Sinotrans CSC shares. Nanjing Port Authority is currently restructuring and reorganizing the specific content was not yet confirmed, pending further negotiations the two sides discuss the shareholders by the department have the right to perform decision-making and approval procedures, to sign the relevant agreement. This is the restructuring of Nanjing Port Authority outgoing messages in the past year, the latest news about the restructuring.