On Nov 13th, 2018 China listing company, Guangzhou Port (Nansha), announced its offering of 500 million RMB($72.46 Million USD) to acquire 52.51% shares from Zhongshan Port and Shipping Group.
Wyckoff, New Jersey December 18, 2018 – This December, Guangzhou Port Authority, Guangzhou Port Group (Nansha) and Zhongshan Port and Shipping Group held a promotion event in Zhongshan City. It is the first time that Zhongshan Port and Shipping Group co-operated with Guangzhou Port Group to Promote Nansha in West PRD Area.
The 52.51% acquisition of Zhongshan Port and Shipping Group is Guangzhou Ports (Nansha) first step in the consolidation efforts in the Guangdong Province. The acquisition will compliment the current network of the company portfolio and will further generate synergies and positive long-term financial returns.
Zhongshan Port and Shipping Group, founded in 1953, has total assets of 1 billion RMB. It possesses 3 terminals in Zhongshan city including Zhongshan Terminal, Xiaolan Terminal and Shenwan Terminal, with a total annual throughput of over 1 million TEU. It also engages Zhongshan Bonded Logistics Center, and is one of the logistics leading enterprises with relatively large scale and strength, possessing 16 subordinate enterprises.
The Port devotes itself to providing professional services, especially in the following fields:
- International Freight Forwarding, Customs Clearance
- LCL cargo in port and logistics distribution
- Three Ports with 23 berths in different sizes for bulk, and containers
- Annual container capacity of 1,000,000 TEUS
- Over 200 various kinds of loading equipment
- Total water of over 1,600m
About Guangzhou Port Group (Nansha)
Guangzhou Port Group Co., Ltd., is a wholly state-owned company. Approved by Guangzhou Municipal Government, it was reformed from the former Guangzhou Harbor Bureau in accordance with relevant Chinese laws on modern enterprise mechanism.
Guangzhou Port total throughput is 20.4 million teus, with Port of Nansha, as the fastest growing port in South China. Port of Nansha is the only Deepwater Port on the West Bank of the Pearl River Delta. With over 60 Quay Cranes and 16 Berths and close to many vendors and manufacturers has enabled Nansha to grow every year since its opening in 2004. Today Port of Nansha will move 15million teus in 2018 with 60 Liner Services worldwide, partnering with the top 20 Ocean Carriers.