04JAN2019 - NEWS - Cosco Shipping Ports of Hong Kong acquires stake in Beibu Gulf Port

Hong Kong based ports operator Cosco Shipping Ports (CSP) has recently acquired a 4.34% stake in Beibu Gulf Port, through its subsidiary China Shipping Terminal Development. The stake translates to 70,943,455 shares. With the acquisition of the stake, Cosco intends to boost the cooperation with Beibu Gulf Port, and lay a basis for it to participate in the integration of Guangxi ports. Cosco currently partners with Beibu Gulf Port in operating Qinzhou International Container Terminal.

Published by Editor - www.Livebunkers.com at 04-Jan-2019 07:35:40 [UTC] , contact editor at editor@livebunkers.com