ASIA

Dalian port buys Jinzhou

The Dalian Port Group has confirmed it is to buy Jinzhou Port this year. In 2008, it was revealed that Dalian Port would acquire an 18.9% holding at the cost of $278m, making it the second largest shareholder.

This is despite the fact that majority partner MMC Corporation has been given permission to negotiate a possible sale of one fifth of its holding to foreign investors.

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