Hong Kong-listed China Merchants Holdings International expects to finalise deals to acquire container terminals at Ningbo and Tianjin by the end of this year as part of a five-year, Yuan10 bill (US$1.2 bill) expansion plan in China.
The company said it was also in talks to acquire terminals in Shanghai and Qingdao. Qin Xiao, chairman of parent China Merchants Holdings (CMH), said the progress of negotiations was slow mainly because most of the terminals involved were owned by municipal governments....
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Approx 175 words from WorldCargo News, November 2002,
page 9.
