Bonds News
- Shanghai Port to sell bonds for berths
Date: 28-Aug-2007 Sources: (Shenzhen Daily)
SHANGHAI International Port (Group) Co. (Shanghai Port), operator of China's busiest container port, plans to sell 3 billion yuan (US$396 million) of local bonds to build new berths.
Shanghai Port will expand the capacity to move coal, ore and automobiles, the company said in a statement yesterday. The port operator posted 1.8 billion yuan in first-half profit, it said in a separate statement. The firm plans to handle 25 million containers this year, 15 percent more than in 2006.
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