Brief: Cosco Shipping Ports Announces Acquisition Of Interest In Guangxi Beibu Gulf International Container Terminal

COSCO SHIPPING Ports

14/09/2020 13:28

Sept 14 (Reuters) - COSCO SHIPPING Ports Ltd  1199.HK :
    * COSCO SHIPPING PORTS LTD ANNOUNCES ACQUISITION OF INTEREST
IN
GUANGXI BEIBU GULF INTERNATIONAL CONTAINER TERMINAL CO
    * CASH CONSIDERATION TO BE RMB486.8 MILLION
    * UNIT TO SUBSCRIBE FOR 26% STAKE IN GUANGXI BEIBU GULF
TERMINAL
VIA INJECTION OF ITS 40% STAKE IN GUANGXI QINZHOU TERMINAL
    * REGISTERED CAPITAL OF GUANGXI BEIBU GULF TERMINAL TO BE
INCREASED TO RMB2.37 BILLION

Source text for Eikon:  urn:newsml:reuters.com:*:nHKSqJMN6
Further company coverage:  1199.HK 

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