Zhuhai Port brings in new investors to support energy subsidiary

Zhuhai Port brings in new investors to support energy subsidiary

Zhuhai Port has announced that it has brought in three new strategic investors for subsidiary Zhuhai Gangsheng New Energy Company.

The three companies Zhuhai Lingxian Hi-tech Industry Investment Management, Shenzhen CDF Capital and Beijing Huicheng Huanyu Investment will jointly invest up to RMB89.8m ($14.1m) into the subsidiary.

Zhuhai Gangsheng New Energy Company was established in July this year after the integration of Zhuhai Port’s windpower assets.

Zhuhai Port said the company will accelerate its business diversification through more mergers and acquisitions this year and it has applied to list Gangsheng New Energy on National Equities Exchange and Quotations (NEEQ).

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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