China Merchants Port Holdings Co ( (HK:0144) ) has shared an update.
China Merchants Port Holdings Co has announced a significant acquisition, purchasing 70% of the total capital stock of Vast in Brazil through a share purchase agreement. This transaction, which will make Vast an indirect subsidiary of the company, is expected to consolidate Vast’s financial results into the group’s operations, thereby strengthening China Merchants Port’s presence in the Brazilian market and enhancing its global operational capabilities.
More about China Merchants Port Holdings Co
China Merchants Port Holdings Co is a prominent player in the port industry, primarily focusing on port operations and related services. The company is known for its strategic investments and acquisitions to expand its global footprint and enhance its market position.
YTD Price Performance: -0.94%
Average Trading Volume: 32,222
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $6.95B
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