China Merchants to take 21% stake in Dalian
China Merchants Holdings has announced that it will purchase a 21% stake in Dalian Port.
Dalian Port will issue shares which China Merchants will purchase for HK$4.2bn (US$540m) or HK3.67 per share (US$0.47) per share.
These shares represent 27% of the existing share capital of Dalian Port and 21% of the share capital after they were issued.
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