China Merchants invested 163 billion yuan to integrate Liaoning Port

In the process of Liaoning Port integration, China Merchants Group has contributed more than 63 billion yuan (RMB) through registered capital and debt, and also assumed the debts of Liaoning Port Group of 99.6 billion yuan, totaling about 163 billion yuan.

At present, Dalian, Yingkou, Dandong, Panjin and other ports have completed the integration, and Jinzhou and Huludao ports have realized the coordinated operation of port business, which has well completed the set goals and tasks of Liaoning port integration.

In 2019, Liaoning Port Group achieved operating revenue of 16.829 billion yuan and total profit of 2.005 billion yuan, successfully turning losses into profits. From January to September this year, Liaoning Port Group handled 379 million tons of goods, up 3.1% year on year. Operating profit changed from negative to positive for the first time.

At present, Liaoning Province, Dalian Government and China Merchants Group have invested 5 billion yuan to set up Taiping Bay Development Platform Company, and the legalization of Taiping Bay is nearly completed.

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