Greater China

Dalian Port to fund overseas subsidiary

Dalian: Dalian Port Group has announced that it will offer an internal loan of RMB300m to its overseas subsidiary Asia Pacific Ports Development Co (APPD).

APPD is incorporated in the British Virgin Islands and is mainly engaged in the development and operation of port logistics service.

Additionaly, Dalian Port has agreed to transfer 18,691 sq m of land to its 20% controlled subsidiary Dalian Beifang Oil Storage and Transport for the development of new oil storage facilities. [29/10/14]

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