Indonesian logistics co AKR ups stake in Chinas Guangxi Guigang

PT AKR Corporindo (JSX:AKRA) has increased its stake to 93.98 per cent from 80 per cent in Guangxi Guiganf AKR Container Port Ltd, the operator of the Honglian port of China.
V Suresh, Secretary of the Indonesian logistic company, said the Honglian port, which has increased its handling capacity from 15,000 TEUs to 50,000 TEUs in June, is strategic for the operation of AKR Corporindo.
"The capacity of the container port will be expanded further to 200,000 TEUs in 2009," Mr Suresh said.