Dalian port to take over rival Yingkou in a $2.4bn share swap
Once the takeover deal concludes, Yingkou Port Liability Co will be delisted and deregistered. All its assets and related rights, interests, liabilities and obligations will be owned and assumed by Dalian Port Co
Deal is part of China’s grand strategy to consolidate the country’s port industry pestered by overcapacity and slowing economic growth
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