According to the announcement of China Merchants Port Group and Ningbo Zhoushan Port, CMPort and Ningbo Zhoushan Port officially completed the non-public issuance of A shares.
CMPort, as a strategic investor, invested 14.114 billion yuan to subscribe for 3.647 billion A-shares non-publicly issued by Ningbo Zhoushan Port. After the issuance, the shareholding ratio rose to 23.08%, becoming the second largest shareholder of Ningbo Zhoushan Port.
At the same time, Zhejiang Seaport, as a strategic investor, invested 10.669 billion yuan to subscribe for 577 million A-shares non-publicly issued by CMPort, becoming the second largest shareholder of CMPort.
The two major port groups have promoted the reform of the port and shipping industry through cross-regional port integration, providing new momentum for improving the national port layout.
Source: Xinde Marine News Sarah Yu
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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