Li Ka-shing overweight shipping and logistics industry

He Jianzhong, vice minister of the Ministry of Communications in the State Council Information Office press conference just said that to speed up the international shipping center, including Shanghai, Tianjin Binhai New Area, Dalian, Wuhan and Chongqing. Li Ka-shing's Hutchison Port Holdings quietly become the largest shareholder of the Waigaoqiao a marina, and is expected to become the controlling party.

The Waigaoqiao dock within the next for East Pier, was established in 2005 with registered capital of 40 billion yuan. Shareholders of the Hong Kong and Hutchison Port Waigaoqiao Group (Hong Kong) Limited, each holding 50% equity ratio. Port Group in Shanghai United Assets and Equity Exchange publicly listed on the transfer Shanghai East Container Terminal Co., Ltd. Ming 20% ​​stake in the listed price of 1.446 billion yuan. If the transfer is successful, the proportion of the Port Group shareholding from 50% to 30%, another shareholder Li Ka-shing's Hutchison Port Holdings has become the largest shareholder of Ming East Pier.

Public information is displayed from the Shanghai United Assets and Equity Exchange, and in 2013, Ming East Pier realize an annual sales income of 1.677 billion yuan, net profit of 624 million yuan, the total assets at the end of 2013 was 4.656 billion yuan, net assets of 44.2 billion. January to July, Ming East Pier operating income reached 1.041 billion yuan, net profit of 396 million yuan.

According to reports, Ming East Waigaoqiao dock currently operates five, six container terminal, which is located in Waigaoqiao dock five Wuhaogou Yangtze Delta region, covers an area of ​​1.63 million square meters. Waigaoqiao Phase V quay length of 1,110 meters, has four 50,000-ton container berths, and another two berths in the 3000-ton branch. Container berth quay depth of minus 12.8 meters. Projects listed annually gave a steady contribution to company performance. On the Port Group Annual Report 2013, Ming East Pier is a listed company in the transportation sector is the second highest annual net principal subsidiaries, second only to Shanghai Sheng East Container Terminal Limited. In addition, Ming East Waigaoqiao terminal operators at the end of 2010 six of officially put into operation, was the first with Shanghai Automotive ro-ro and container transport large theme features integrated port.

In mid-August this year, intent on the Port Group announcement plans to sell part of stake in Ming east pier, the first listing price to be not less than the appraised value deducted Ming Tung company 20% of its profits to be allocated the first half of 2014 after. But the announcement did not explicitly equity transfer price and the share transfer purposes. Netease property found this transferee, the transferee on the Port Group eligibility requirements for high, one must be within the enterprise, and the intention of the transferee shall be financially sound, with registered capital of not less than 2 billion yuan, the total assets not less than 40 billion yuan, asset-liability ratio no higher than 50% (in 2013 the audit report date), the intention of the transferee under the control of the same or related companies have engaged in foreign trade and domestic container transportation business qualification. If the intention to reach a transfer, the transferee must be a one-time payment of all transaction models.

In this regard, insiders pointed out that the old shareholders of Hutchison Port Waigaoqiao has not expressly waived the exercise of pre-emptive rights. Therefore, Li Ka-shing's Hutchison Port Holdings is likely to win the 20% stake, becoming the ultimate controlling party.