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00144 CHINA MER PORT
RTNominal unchange11.940 0.000 (0.000%)
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04/10/2017 16:50

China Mer Port (00144) unit inks IT development deal

[ET Net News Agency, 4 October 2017] China Merchants Port (00144) said its 76.84%-owned
subsidiary China Merchants Holdings (International) Information Technology Services Co.,
Ltd (CMHIT) entered into an agreement with Khor Ambado Free Zone Company FZCO (Djibouti
Asset Company).
CMHIT has agreed to develop certain IT software and systems for the Djibouti Asset
Company including network systems, CCTV systems, IT data centers and other business
management software for a contract price of US$6.88 million (equivalent to about HK$53.72
million).
CMHIT is an information technology solution provider specialising in port, terminal and
logistics industry as well as improvement of logistics customs clearance. (HL)

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