Yantian Port: Plans to Invest 3.788 Billion Yuan in Phase I Project for Shenzhen-Zhangjiagang Port Terminal

36Kr reports that Yantian Port announced the company plans to use its wholly-owned subsidiary, Shenzhen-Zhangjiagang Port Services Co., Ltd., as the investment entity to construct and operate the metallurgical industrial park operation area of Suzhou Port Zhangjiagang District. The Phase I project is estimated at a total investment of approximately 3.788 billion yuan, with 40% contributed as registered capital raised through equity increases by Shenzhen-Zhangjiagang Port Services Co., Ltd., and the remainder to be secured via bank loans and other channels. This matter still requires deliberation and approval by the company's shareholders' meeting and does not constitute a related-party transaction or major asset restructuring.