21 August 2019

Shanghai Int’l Port to move toward mixed ownership, paper says

Shanghai International Port Group Co. Ltd. (600018.CN) said it might bring down the state ownership in the firm to 50 percent from the current level of over 90 percent, implying that about 40 billion yuan (US$6.44 billion) worth of shares could be made available for private investors, the 21st Century Business Herald reported Thursday. Formerly known as the Shanghai Port Authority, the state-owned group was listed in 2006. It booked a net profit of over 5 billion yuan last year, the report said.

– Contact HKEJ at [email protected]



EJI Weekly Newsletter

Please click here to unsubscribe