China Merchants says Shenzhen unit to list in HK

HONG KONG Tue Aug 14, 2012 7:58pm EDT

HONG KONG Aug 15 (Reuters) - Chinese port investor and operator China Merchants Holdings (International) Co Ltd said its Shenzhen-listed China International Marine Containers (Group) Co Ltd (CIMC) plans to change its listing venue to Hong Kong by way of introduction without raising capital.

In a filing to the Hong Kong bourse, China Merchants said its 25.54 percent owned CIMC plans to convert all 1.43 billion CIMC B shares into H shares. B shares are a class of shares in China eligble for foreign investors.

The proposed listing of CIMC shares in Hong Kong is subject to regulatory approvals.

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(Reporting by Donny Kwok; Editing by Richard Pullin)