CMHI invests in Qingdao Port

Qingdao Port International Co., Ltd. ("Qingdao Port", stock code "6198") held its listing ceremony in Hong Kong on 6 June 2014. Mr. Su Xingang, the Vice president of China Merchants Group, and Dr Hu Jianhua, the Managing Director of China Merchants International Holdings Limited (the "Company") joined the ceremony, who were joined by Mr Zheng Minghui, the Chairman of Qingdao Port, as well as corporate representatives from the Hong Kong Stock Exchange, investment banks and cornerstone investors. 

Qingdao port is one of the most important international trade hubs in the west pacific region. As at the end of 2013, Qingdao port has become the sixth largest port in the world in terms of throughput tonnage, and is now connected with more than 180 nations and 700 ports by sea traffic. Attracted by the prospective future of the Qingdao Port, the Company became one of the six sponsors of Qingdao Port for its IPO, and the second largest shareholder with 3.26% equity interest in Qingdao Port.

Dr Hu Jianhua stated, "The Company has more than 20 years history of cooperation with Qingdao Port on the ports and bonded logistics businesses, as a long term strategic partner based on our existing strategic investment in Qianwan port zone of Qingdao. The investment in the listed company level of Qingdao Port is due to our faith to the promising growth outlook and profitability on the overall assets of the Qingdao Port.  This new partnership would not only be a good investment opportunity for us, but also would be a win-win cooperation opportunity for each other's business in Qingdao, which would in turn enhance our long term relationship on cooperation in the future."




 
 

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