China Merchants eyes port assets in Shenzhen

Seeking to capitalize on the current round of state asset restructurings and Shenzhen's plan to sell off municipally-held assets, China Merchants Holdings (International) hinted it would seek a bigger stake in Shenzhen port's.  Shenzhen Nanyou (Group). The Shenzhen-held company holds a 34% stake in Shenzhen Haixing Port Development in which China Merchants also holds an interest, which will reportedly increase to 33% interest after internal restructuring. Shenzhen Haixing operates six berths in Mawan.