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 worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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