Guangzhou Port invested 305 million yuan to acquire a 60% stake in Huadu Port

On May 15, Guangzhou Port invested 30,4905,600 yuan in cash to acquire 60% equity of Huadu Port.
 
The annual handling capacity of Huadu Port is 100,000 TEU and 850,000 DWT of bulk cargoes, with a 520-meter port line covering 50,000 square meters and a water depth of 4 meters. In 2020, the port completed a container throughput of 44,500 TEU.
 
After the capital increase, Guangzhou Port holds 60% of the equity structure, and Guangzhou Huadu Xicheng Economic Development holds 40%.
 
The announcement said that the acquisition is conducive to promoting the company's port layout in Guangzhou, expand the company's market influence; It is beneficial to give full play to the business linkage and enhance the energy level of Guangzhou Port Hub.
 
Source: Sarah Yu ,XINDE MARINE NEWS

The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.