Greater ChinaPorts and Logistics

Zhuhai Port moves to acquire Xinghua Port

China’s Zhuhai Port has announced that it has proposed an offer to all the shareholder of Hong Kong-listed river port operator Xinghua Port to acquire 100 percent equity interest of the company.

Currently Xinghua Port is controlled by the Huang family, which owns 60.18% of the company.

Zhuhai Port offered to acquire the shares at HK$2.6 per share and total value of the deal could reach HK2.1bn ($271m).

Zhuhai Port reckons the acquisition of Xinghua Port would help the company complete its logistics network on the Yangtze River and Xi River.

Following the completion of the deal, Xinghua Port will be delisted from Hong Kong Stock Exchange.

Xinghua Port currently owns and operates two multi-purpose ports along Yangtze River in Changshu, Jiangsu.

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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