According to media reports(Sina.com,etnet)on May 27,Mr.Li Jianhong,Chairman of CMH,said the group intends to inject Shekou Container Terminal(SCT)in Shenzhen(of which it owns an 80% stake)into its 45.66%-owned associate,Chiwan Wharf(000022.SZ,Not Covered).Chiwan Wharf currently owns 55% of Chiwan Container Terminal(CCT)and 30% of Mawan,both located adjacent to SCT in West Shenzhen.Chiwan Wharf has been in trading halt since April 23,pending“possible significant transactions”.SCT,CCT and Mawan recorded throughput of 5.07/3.71/1.25mn TEU,respectively,in 2014.
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