Hong Kong: The port operating arm of Cosco, Cosco Pacific, said the company plans to purchase ports in China, Southeast Asia and Greece as prices are “attractive”.
“We have been working hard to invest in ports in Southeast Asia including Indonesia, Myanmar and Malaysia,” Qiu Jinguang, deputy managing director of Cosco Pacific, said after the annual shareholders meeting yesterday.
The port operator has a $1.2bn windfall having sold its shares in container manufacturer CIMC to parent Cosco Group this week. [24/05/13]
