China Merchants Port Forges Key Design Agreement

China Merchants Port Holdings Co (HK:0144) has released an update.

China Merchants Port Holdings Company Limited has engaged in a connected transaction by entering a Container Terminal Design Agreement with Ansujie, China Communications Institute, and Wuhan Changjiang for engineering design services. This agreement, which involves the construction of two 200,000-ton class container berths at Dachan Bay Port, is exempt from shareholder approval as it falls below the 5% threshold set by the Listing Rules.

For further insights into HK:0144 stock, check out TipRanks’ Stock Analysis page.