[ET Net News Agency, 21 June 2018] China Merchants Port (00144) said Shenzhen Chiwan
Wharf Holdings Limited and China Merchants Investment Development Company Limited (CMID)
entered into an agreement for Shenzhen Chiwan's acquisition of 1,269 million shares in
China Merchants Port, representing CMID's entire interests, for Rmb24,650 million.
The consideration will be settled by Shenzhen Chiwan by issuing 1,149 million A shares
(representing around 64.05% of the enlarged total issued capital of Shenzhen Chiwan) to
CMID.
Upon completion, Shenzhen Chiwan will be holding about 38.7% of the total issued share
capital of China Merchants Port directly and together with the acting in concert
agreement, Shenzhen Chiwan will be able to consolidate China Merchants Port as a
subsidiary of Shenzhen Chiwan and China Merchants Group Limited will be holding around
87.8% of the total issued share capital of Shenzhen Chiwan indirectly and will remain as
the ultimate controlling shareholder of China Merchants Port. (HL)
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00144 CHINA MER PORT
Nominal 
12.200 +0.260 (+2.178%) Others
21/06/2018 08:52
China Mer Port (00144) to introduce Shenzhen Chiwan
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