(MENAFN) Singapore"s port operator, PSA International, bought a 49 percent stake in a Chinese container terminal company in the port city of Lianyunggang for USD108 million, Xinhuanet reported.
The purchase is still subject to approval by Chinese authorities, but if passed it will mark the firm"s "first foray into the Yangtze River Delta region -- one of the most important economic regions in China."
PSA International has been exploring the Chinese mainland market since 1996 and has investments in 10 container terminals in different Chinese port cities.
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