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Dalian Port to merge with Yingkou PortDalian Port to merge with Yingkou Port

The northeast Chinese port operator Dalian port is planning to merge with its neighbouring port of Yingkou.

Katherine Si, China Correspondent

June 22, 2020

1 Min Read
View of Dalian port
Photo: Dalian Port

Dalian port plans to contemplate a proposed merger by absorbing Yingkou Port and a related issue of new A shares by the company to raise supporting funds.

The two parties have already signed merger intention agreement for further negotiation on detailed merger plans.

Dalian Port has suspended the trading of A shares on Shanghai Stock Exchange on 22 June, which is estimated not to exceed ten trading days.

Currently, the controlling shareholder of Dalian Port and Yingkou Port is China Merchants Port.

In 2017, Liaoning provincial government and China Merchants Group singed port cooperation framework agreement to jointly develop a port platform for the ports in Liaoning and set up Liaoning Port Group to consolidate and optimize port operation locally.

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China

About the Author

Katherine Si

China Correspondent

China-based Katherine Si has worked in the maritime industry since 2008 is well-connected with local industry players including Chinese owners and yards.

Having majored in English Katherine started at news portal ShippingChina.com where she rose to become a News Editor. In 2008 she moved to work with Seatrade and has since held numerous positions including China correspondent for Seatrade Maritime Review magazine.

With extensive experience in writing, research and social media promotion, Katherine focuses on the shipping and transport sectors.

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