CIMC Group announced that its wholly-owned subsidiary CIMC Hong Kong plans to acquire 72.84 million shares of CIMC Tianda held by Expedition, representing 18.07% of CIMC Tianda's total shares, for an amount equivalent to 100 million US dollars in Hong Kong dollars. After the transaction, CIMC Hong Kong's stake in CIMC Tianda will increase from 65.66% to 83.73%, Expedition will no longer hold any shares in CIMC Tianda, and CIMC Tianda will remain a non-wholly-owned controlled subsidiary of CIMC Group. CIMC Group stated that this acquisition will strengthen its control over CIMC Tianda, promote technological innovation and market expansion in areas such as airports, logistics, and fire protection, and further enhance the value dividends and dividend returns of its core business. In addition, CIMC Group achieved revenue of 32.664 billion yuan in the first quarter of 2026, with net profit attributable to the parent company of 209 million yuan.
China International Marine Containers Group LtdCIMC Group is acquiring additional stake in its subsidiary, strengthening control and expected to enhance value and dividends.
CIMC Tianda is being acquired at a premium, with increased parent ownership and commitment to support its growth.