Dalian Port Group plans restructuring of Jinzhou Port

Dalian Port Group plans restructuring of Jinzhou Port

Shanghai-listed Jinzhou Port has announced that its controlling shareholder Dalian Port Group is currently planning a major restructuring deal involving a shareholding change in the company, and has suspended stock trading.

A source in Dalian Port Group told Splash that the deal might involve the merger of port assets in Liaoning. “Dalian Port is already the largest shareholder of Jinzhou Port, so the deal might be led by the government to set up a provincial port operation company, which will integrate all the major port assets in the region,” the source said.

Dalian Port currently holds 19.08% equity interest in Jinzhou Port.

The merger wave of port assets in China has started following the central government’s release of “One Belt, One Road” initiative. In September, Ningbo Port announced a merger with Zhoushan Port, with the deal still ongoing. Lianyungang Port in Jiangsu also set up a holding company in September to integrate the small port assets in the region.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

Related Posts