Yantian Port Holdings, a Shenzhen, Guangdong Province-based port operator, said it plans to invest US$73.99 million in a Shenzhen-based container terminal operator to expand its throughput capacity, reported China Business Newswire.
The investment will comprise a cash payment and $12.5 million worth of land use rights for two plots of land.
After the capital injection Yantian Port's stake in the container terminal operator will remain at 35 percent.
The investment will comprise a cash payment and $12.5 million worth of land use rights for two plots of land.
After the capital injection Yantian Port's stake in the container terminal operator will remain at 35 percent.