Jiangsu seaport interest purchased by Rudong county government

    | BY

    clpstaff &clp articles

    Rudong Ritai Infrastructure Development & Investment (Rudong Ritai) has acquired US$230 million of equity interest in Rudong Yangkou Port Investment…

    Rudong Ritai Infrastructure Development & Investment (Rudong Ritai) has acquired US$230 million of equity interest in Rudong Yangkou Port Investment & Development (Rudong Yangkou) from Glory Well Limited.

    The buyer is a company wholly owned by the Rudong country government in Jiangsu Province, and the seller is a Hong Kong Stock Exchange-listed company, a subsidiary of PYI Corporation. Sino-foreign joint venture company Yangkou Port Investment & Development operates the facilities of the Yangkou Port, the sole deep-water seaport in Rudong.

    This premium content is reserved for
    China Law & Practice Subscribers.

    • A database of over 3,000 essential documents including key PRC legislation translated into English
    • A choice of newsletters to alert you to changes affecting your business including sector specific updates
    • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
    For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]