On November 1, Yantian Port Co., Ltd. (Yantian Port) announced the completion of a major capital-raising effort as part of its asset restructuring strategy. Yantian Port issued 913,758,995 new shares at ¥4.38 per share, securing a total of ¥4.002 billion ($540 million). Notably, COSCO Shipping Holdings (COSCO) has invested ¥1 billion, gaining a 4.39% stake, making it Yantian Port’s second-largest shareholder. 

With COSCO as a strategic partner, Yantian Port is poised to strengthen synergies within the maritime industry, enhancing both companies' competitive edge in the port and shipping sectors.

Key Takeaways:
Asset and equity enhancements will reduce Yantian Port’s debt-to-asset ratio, boosting financial resilience.
Funds will support the payment of transaction costs, reduce bank debt, and mitigate liquidity risks.
With the integration of Shenzhen Port Group’s quality assets, including Yantian's core terminal assets and Xiaomo International Logistics Port, Yantian Port is expanding its role as a vital hub for international trade and automotive logistics in South China.

This restructuring aligns with Shenzhen Port Group’s broader goal to strengthen and optimize its port operations, aiming to scale to ¥100 billion in assets and join the China Fortune 500 list. 

by Xinde Marine News Pang Kai

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