Xiamen Port takes major interest in Quanzhou operator

Xiamen Port takes major interest in Quanzhou operator

Xiamen International Port has entered into an agreement to acquire 75% equity interest in port terminal operator Shishi Huajin for RMB204.5m ($31.22m).

Shishi Huajin is primarily engaged in the investment, construction and terminal operation at Quanzhou Port. It has already constructed three port terminals and has one more under construction.

After the completion of the deal, Xiamen Port will invest a further RMB300m into Shishi Huajin.

Xiamen Port believes that the deal is crucial to the company’s implementation of its expansion strategy outside Xiamen port region.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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