Hutchison Whampoa approved to develop Yantian Port by State Council

The State Council has approved the letter of cooperating intent, which was submitted last year, on the third batch of development projects of Yantian Port. Securities Times reports. According to the approval, the third batch of projects of Yantian Port will be jointly developed by Yantian Port Group and Hutchison Whampoa with total investment of RMB5.566bln, of which Yantian Port Group accounts for 35% and Hutchison Whampoa accounts for 65%.

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