Hong Kong Group shares overseas pier for the first time

The Hong Kong Group (600018) officially announced May 28 that it was the second largest shareholder of the wharf company to acquire a 25% per cent stake in the Belgian Zeebrugge Wharf Company (A.P) by 27.1625 million euros to the Danish mill-Maersk Group.　　This is the first time that the Hong Kong Group shares overseas Wharf Company and is the first overseas investment project in mainland China. The final 25%-percent stake Zeebrugge is located in Belgium, one of the 4 deepwater ports on the continental coast of Europe, the largest gas transshipment port and liquefied gas port in Europe, and the sixth largest container port in Europe, and Zeebrugge Wharf is one of the container terminals of Zeebrugge port,　　100% per cent of the APM Wharf company owned by Maersk Group. As early as September 2006, the Hong Kong Group had signed a cooperation framework agreement with Maersk Group for the Belgian Zeebrugge terminal project. The project was later shelved because of the financial crisis.　　"Mr Chen, president of the Hong Kong group, said at a news conference on 28th that in the post-financial crisis era, the fundamentals of the world's port shipping industry are undergoing positive changes, and the company shares Zeebrugge Wharf Company," Not only value today, but also focus on the future ". What is different is that the plan for the year was 45 million euros to buy 40% shares, and the final share fell to 25%.　　In this respect, "Mr Chen said that this is a key issue in the negotiations, because it is a good project, both sides want to get a bigger share ratio, finally negotiated or decided to" step by step. "　　The Hong Kong Group and Maersk Group jointly established Shanghai Hudong Container Terminals Co., Ltd. in 2002. The Hong Kong Group will participate in the day-to-day operation of the terminal company by providing some senior management staff, including deputy general manager.　　"Mr Chen analysis, the acquisition of listed companies will not have a big impact on short-term gains and losses. "Continue to promote mergers and acquisitions" on the Hong Kong group said that the participation, marking the company's one of the three strategic internationalization strategy has taken a substantive first step.　　"Mr Chen revealed that in the future, the company will" continue to promote mergers and acquisitions. " In March this year, the Hong Kong group and Ningbo Port set up a joint venture, each of the two sides accounted for 50% of shares, joint construction and investment in the dock. "Mr Chen said the joint venture would also do some mergers and acquisitions," starting at home, but not limited to domestic ".