Rizhao Port sells subsidiary

Dalian: Rizhao Port Group announced that it plans to sell 100% equity in its subsidiary Rizhao Port Machine Engineering Co, in order to optimize its asset structure and enhance the company’s profitability.

Rizhao Port has listed the subsidiary on Shandong Equity Exchange Center at a price of RMB42.88m.

Rizhao Port said it is currently in negotiations with Shandong Harbour Engineering Group for the takeover of the subsidiary. [15/04/14]

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