"COSCO Shipping Holdings has announced plans to invest CNY19.7 billion ($2.7 billion) to raise its stake in two major Chinese ports. The company will spend CNY18.9 billion ($2.6 billion) to raise its equity in Shanghai International Port Group to 15.55 per cent from 0.62 per cent, and CNY779 million ($107 million) to purchase a 3.24 per cent stake in Guangzhou Port to increase its equity to 6.5 per cent." See the original story at Port Technology.
Source: Port Technology