Hong Kong: Hutchison Port Holdings will pay 270.63 million yuan (HK$280 million) to increase its stake in Yantian, a Shenzhen port venture from 41.67 percent to 65 percent.
Hutchison bought the 23.33 percent stake in Shenzhen Yantian West Port Co from its joint-venture partner, Shenzhen Yantian Port Holdings, according to an announcement on the Shenzhen stock exchange. [12/9/07]
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