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Cosco Shipping acquires strategic stake in Beibu Gulf Port

Hong Kong-listed Cosco Shipping Ports has purchased a 4.34% stake in Shenzhen-listed Beibu Gulf Port Co, paving the way for the company to join the ports integration in Guangxi province. CSP says it will seek opportunities to further strengthen its terminal portfolio in southwest China

BGPC oversees three major local ports in the Guangxi province that serve as an important gateway of China’s Belt and Road initiative

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