Shanghai: Beibuwan Port announced today that the company plans to issue 259m shares to 10 investors to raise up to RMB2.7bn funds to purchase 100% equity of terminals Fangcheng Xinggang, Qinzhou Xinggang and Beihai Xinggang.
The remaining capital will be used for the further construction of the berths and to replenish the cash flow.
Beibuwan port completed a major assets restructuring at the end of 2013. [15/10/14]
Beihai port changes name