Chinese company buys share in Qingdao Port

摘要

Chinese state-owned company China Life Insurance has announced that it will purchase 180 million new shares in Qingdao Port for HKD4.32(USD0.55)/ share, with a total transaction value of HKD778 million. Qingdao Port had issued 243 million new shares at HKD4.32/share to raise working capital as it invests in its offshore project. The purchase accounts for 74% of these shares.