BRIEF-Tianjin Port Development entered into equity transfer agreement

April 21 (Reuters) - Tianjin Port Development Holdings Ltd

:

* Tianjin Port Development International to sell 40% equity

interest in Euroasia International to Tianjin Port for RMB556.0

million

* Co and units entered into equity transfer agreements with

Tianjin Port in relation to assets restructuring with Tianjin

port co

* Co to sell its 40% equity interest in Alliance

International to Tianjin Port Co for RMB747.9 million

* Champion Sky Enterprises to sell its 100% equity interest

in Tianjin Port container to co for RMB1.51 billion

* Well Light Enterprises to sell its 100% equity interest in

second co to Tianjin Port Co for RMB1.04 billion

* Win Many Investments to sell its 51% equity interest in

Haifeng Logistics to Tianjin Port Co for RMB262.2 million

* Expected that no pre-tax gain or loss on disposal of units

and/or JVS in transaction will be recorded in consolidated

income statement of group

* Champion Sky Enterprises to acquire stake in Tianjin Port

Tugboat from Tianjin Port Co for RMB757.5 million

Source text: [http://bit.ly/2pLmjvi]

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