China Merchants hopes for stake in Colombo's new box shop
HONG KONG listed China Merchant Holding International (CMHI) hopes to obtain a stake in Colombo's new 1.2 million TEU East Container Terminal at South Harbour, reports DynaLiners.
China Merchants already owns the 2.5 million TEU Colombo International Container Terminal (CICT).
While it holds 85 per cent in CICT, due to new regulations its share in East Container Terminal will be capped at 49 per cent, with the Sri Lankan Port Authority (SLPA) holding the remaining stake.