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Fujian Port Group integrates Xiamen Port assetsFujian Port Group integrates Xiamen Port assets

Xiamen International Port has announced that Xiamen Port Holding will be integrated into Fujian Port Group as a wholly-owned subsidiary, following an approval by Fujian Provincial People’s Government.

Katherine Si, China Correspondent

August 17, 2020

1 Min Read
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The State-owned Assets Supervision and Administration Commission of the People’s Government of Fujian Province (Fujian SASAC) will integrate the assets relating to the port and shipping businesses of Fujian SASAC and the various prefectural-level cities within the province into Fujian Port Group, of which Xiamen Port Holding will come under it.

Upon completion of the deal, the owner of the company will be changed from the State-owned Assets Supervision and Administration Commission of Xiamen Municipal People’s Government to Fujian SASAC. 

Last year, the Fujian provincial government issued file for deepening reform and transformation, promoting port resources optimisation and integrated management.

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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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