Qingdao Port International has agreed to sell its 55% stake in digital port services and green energy refuelling firm Ark Intelligent to its controlling shareholder, Qingdao Port Group.
The deal is worth a reported for RMB68.38 million (approx. US$10.2m).
The transaction will see Qingdao Port International exit its investment in Ark Intelligent, which it says will allow it to optimise resource allocation and focus on its core port business.
As of 30 June 2026, Ark Intelligent had net assets of RMB142.15 million (approx. US$21.2m). Its net profit after tax for 2025 was RMB34.75 million (approx. US$5.2m).
The transaction is classified as a connected transaction under Hong Kong listing rules because Qingdao Port Group is Qingdao Port International’s controlling shareholder.
