An aerial view shows containers and cargo vessels at the Qingdao port in Shandong province, China May 9, 2022. Picture taken with a drone.
Agreed to purchase assets
Qingdao Port International , opens new tab said on Friday it agreed to purchase assets from Rizhao Port and Yantai Port for 9.44 billion yuan ($1.30 billion) as part of its restructuring efforts.
These black tubes fill a massive tank with salty brine sucked deep from the ground below as part of an 870 million dollar project in the province of Salta.
The company will pay 4.81 billion yuan by issuing around 697.3 million class A shares, and 4.63 billion yuan will be paid in cash, Qingdao Port said.
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Source: Reuters
