Zhuhai Port announced plans to sell all of its shares in International Composites, totaling 97.1246 million shares, representing 2.58% of the target company's total share capital. This stake originated from a pre-IPO capital increase investment in International Composites, with an initial investment cost of 190 million yuan. Based on the closing price on July 10, the current holding corresponds to a market value of approximately 3.668 billion yuan, resulting in a substantial floating profit on the entire equity investment. International Composites is a high-tech enterprise focused on the research, development, production, and sale of glass fiber and related products. It listed on the ChiNext board in December 2023 at an issue price of 2.66 yuan per share. In the first quarter of 2026, the company's net profit attributable to the parent reached 270 million yuan, close to the full-year profit level of 2025. Driven by the strengthening of the electronic fabric concept, the stock price has surged over 441% year-to-date, hitting an all-time high of 54.08 yuan per share intraday on June 26. The purpose of this sale is to focus on core business development, optimize the company's asset structure, and improve capital allocation efficiency. The proceeds can be used for dividends, core business investments, and debt repayment.
Zhuhai Port Co LtdZhuhai Port plans to sell its entire stake in International Composites, realizing a substantial floating profit of over 3.4 billion yuan, which will improve cash flow and can be used for dividends, core business investments, and debt repayment.
OKE Precision Cutting Tools Co. Ltd. A