Guangzhou: Zhuhai Port has announced today that it has got approval from China Securities Regulatory Commission to issue 186m new shares to current shareholders to raise around RMB561m, which will be used to purchase 71.63% equity of its subsidiary Zhuhai Yunfu Xingang Port Company.
Zhuhai Port said the issue of new shares will optimise the company’s investment structure and core competitiveness. Now the port is becoming one of the most competitive dry bulk ports in China with the largest coal shipping base in South China – a joint investment with Shenhua Group – that went into operation in January. [19/02/13]
