South China-based Zhuhai Port Holding (ZPH) is to sell the 100% of its stock equity in three subsidiaries involved in financial leasing, fund management and commercial factoring to improve its core business competitiveness.
The three wholly-owned subsidiaries of ZPH, Zhuhai Ganghui Financial Leasing, Zhuhai Gangrui Fund Management and Zhuhai Gangrui Commercial Factoring, were set up in July, November and October 2018 separately, will be sold via public price biding on Guangdong United Assets and Equity Exchange.
The port said the transaction would help the company to further optimize resources allocation and focus on its main business of port logistics, stated Zhuhai Port.
In December 2018, Zhuhai Port announced the plan to purchase 55% stake equity of Guangxi Guangyuan Logistics to improve its logistics supply chain. Guangyuan Logistics operates Xinlong terminal at Guiping port, and plans to build three 3,000 tonne-class multi-purpose berths.
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