China Merchants wants 100% control of its ports, prepares to exit the HKSE
In a time of exacerbated global competition between the operators of large hubs, the Chinese state-owned conglomerate China Merchants Group wants better control of its ports. It is in preliminary discussions with minority shareholders to withdraw its port subsidiary, China Merchants Ports (CMP), from the Hong Kong Stock Exchange.
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▪ China Merchants wants 100% control of its ports, prepares to exit the HKSE
▪ In a time of exacerbated global competition between the operators of large hubs, the Chinese state-owned conglomerate China Merchants Group wants better control of its ports. It is in preliminary discussions with minority shareholders to withdraw its port subsidiary, China Merchants Ports (CMP), from the Hong Kong Stock Exchange.
▪ https://www.africabusinessplus.com/en/804233/china-merchants-veut-100-de-ses-ports-et-prepare-sa-sortie-du-hkse/
China Merchants Ports (CMP) is currently 63% owned by the China Merchants Group, which wants to take back 100% of shares. Minority shareholders include investment funds such as BlackRock Inc, which has a 1.6% stake.
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