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China Merchants Port proposes purchase of 51 pct equity interest in Zhongshan Port Group

Monday, 11 Sep 2017 07:48am EDT 

Sept 11 (Reuters) - China Merchants Port Holdings Co Ltd <0144.HK>:Proposed purchase of 51 percent equity interest in Zhongshan Port Group.Deal represents 51% equity interest in target for a total consideration of RMB484.5 million.Upon completion of deal, Chiwan Wharf, vendor, ZDCCI will each hold 51%, 11.51% & 37.49% of equity interest in target. 

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