Shanghai: Nanjing Port has announced that the company will inject funds into Qingjiang Terminal together with Qingjiang Company, the main shareholder of Qingjiang Terminal.
The two companies will invest a further RMB20m into Qingjiang Terminal, made up of RMB9.8m from Nanjing port and RMB10.2 from Qingjiang Company.
When the deal is completed, Nanjing port will hold 49% and Qingjiang Company 51% of shares in the terminal.
The capital injection is to support the expansion project in the Xiba port area of Nanjing Port. The project includes one 50,000tons-class berth with a designed annual handling capacity of 1.8m tons. [02/12/14]