PYI concentrating on Yangtze ports build up

Nantong: PYI Corp, an investment firm controlled by tycoon Charles Chan Kwok- keung, will invest about HK$800m (US$95m) in the current financial year to acquire ports in the Yangtze River Delta. Possible target ports are Nanjing, Suzhou and Jiangyin, while the firm looks to increase its stake at Nantong by 5% to 51%. PYI also holds a 75% stake in Yangkou Port currently being built in eastern Jiangsu province.  [10/07/06]