COSCO Pacific acquires stake in Yantian port project

COSCO Pacific (1199) deputy chairman Liu Guoyuan said the company has acquired a stake in the third phase of the Yantian port in Shenzhen. Liu did not give details on the size of COSCO Pacific's investment or the size of the stake. Liu expected COSCO Pacific will secure approval from the State Council by the end of this year to invest in the first phase of the Waigaoqiao port.

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