Greater China

Haiyue increases capital in Qijiashan chemical terminal

Shanghai: Shanghai-listed energy and infrastructure investment company Haiyue has announced that the company will increase capital in Ningbo Qijiashan chemical terminal through two subsidiaries of the company.

The two subsidiaries, Ningbo Haiyu and Ningbo Qingzhi Chemical Terminal, will inject RMB199m into the project, made up of RMB95.57m from Ningbo Haiyue and RMB103.5m from Qingzhi.

The deal is to help the company better develop the terminal project in Ningbo.

Haiyu is also constructing a chemical project in Ningbo Beilun and an oil storage project in Zhoushan. [25/11/14]

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