China Merchants Port, COSCO Shipping Ports and IMC are offering their combined 70% interest in Qingdao Port Dongjiakou Ore Terminal through a public tender, Splash247 reports, citing Hong Kong exchange disclosures.

China Merchants and COSCO each hold 25%, while IMC holds 20%. Qingdao Port International owns the remaining 30%. The report puts the minimum package price at CNY1.92 billion and the bidding deadline at 11 November.

The offer concerns an iron ore terminal business. The tender has been launched; the report does not establish a completed sale or identify a successful buyer.

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Source: Splash247 · original report