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Infrastructure and Construction

By STAFF EDITOR
Shanghai Zhenhua Port Machinery Co (600320.SH) president Guan Tongxiang said the company’s output would reach US$4.28 billion (RMB30 billion) this year if it can acquire smaller rival Shanghai Port Machine Plant (SPMP), China Business News reported. Zhenhua is hoping to buy SPMP and a 60% stake in Jiantian Hotel from China Communications Construction C...
By STAFF EDITOR
China Shipping Container Lines (601886.SH, 2866.HK) said Thursday it will pay US$5.28 million (RMB37.01 million) for its parent China Shipping Group’s 25% stake in the Yangshan port and 60% stake in the Yangpu port, China Business News reported. The deal will increase Container Lines’ stake in the Yangshan port from 50% to 75% and its stake in Ya...

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