Shanghai Port accelerates participating in Jiujiang Port reforming

Shanghai Port is accelerating fulfilment of its plan to increase cash capital so as to participate in the Jiujiang Harbour Group restructure. On completion, Shanghai’s stock will be no less than 70% of the new joint venture.

On 13th Sept., Shanghai International Port (Group) Co.,  Ltd. clarified in an announcement that both parties are uprightly negotiating in terms of investment amount, stock proportion and so on, but so far no substantive agreement has been reached. The announcement also stated Shanghai Port will invest in constructing the Jiujiang West Port Area.