Shanghai: Shanghai International Port Group (SIPG) announced that it plans to replenish RMB6.06bn into its fully-controlled subsidiary Shanghai Guandong International Container Terminal Co.
After the replenishment of funds, the registered capital of Shanghai Guandong International Container Terminal Co will increase from RMB440m to RMB6.5bn. The subsidiary operates terminals three and four at Shanghai’s Yangshan deepwater port.
SIPG said the investment is in line with the company’s strategic development plan and will favour the long term sustainable growth of the company. [06/05/14]