Tuesday, December 24, 2024
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HomeNewsPYI sells majority stake in Yangkou

PYI sells majority stake in Yangkou

It is planning to use the proceeds of the sale (an estimated Rmb1.51 billion) to reduce debt and fund future investment in port projects along the Yangtze. After the sale it will retain a 9.9% stake in Yangkou port. Yangkou is located near the mouth of the Yangtze River and is set to become a major transshipment hub for bulk cargo including a large-scale petrochemical industrial and logistics zone.

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