Independent journal on economy and transport policy
08:38 GMT+2
Ningbo, Zhoushan ports complete merger
(China Daily)
September 30, 2015
By Zhong Nan
Trading in shares of Zhejiang-based Ningbo Port Co was suspended on Tuesday as the company revealed it has completed merger procedures with Zhoushan Port Co.
The new company will be named Ningbo-Zhoushan Port Group Co, officials said in a Shanghai Stock Exchange announcement on Monday night, adding its ownership will be shared by both Ningbo and Zhoushan branches of the State-owned Assets Supervision and Administration Commission. The new company will hold 75.46 percent of Ningbo Port Co's stock ...... Read more on China Daily
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