Guangzhou: Zhuhai port’s controlling shareholder, Zhuhai Port Holding, has delayed the asset integration of Qinfa coal terminal.
To avoid the horizontal competition between the listed arm of Zhuhai port and Qinfa coal terminal, Zhuhai Port Holding plans to integrate its 40% shares of Qinfa coal terminal into its listed arm when the terminal officially commences operation.
Qinfa coal terminal, located at Zhuhai Gaolan port, was put into trial operation last year. The terminal is jointly developed by Qinfa Group and Zhuhai port and will serve as a coal transhipment hub and coal storage base in southern China. [05/02/15]