The terminal operator group PSA International of Singapore, through the subsidiary PSA Amoy, was awarded for 2.65 billion yuan ($387 million), as part of a tender 30% of the capital of the terminal operator Chinese Xiamen Container Terminal Group Co. (XCTG) of Xiamen Group International Port Co., which owns about 52.2% of the capital. The completion of the transaction is subject to the regulatory approvals and the usual conditions for the closure.

PSA highlighted that XCTG operates eight container terminals in the port of Xiamen for an annual traffic capacity of one total of about 20 million TEUs.