Port of Newcastle’s Chinese part-owners shuffle their asset

By Ian Kirkwood
Updated February 26 2018 - 10:09pm, first published 6:00pm
SUBSTANTIAL ASSET: Aerial view of the Port of Newcastle, used by China Merchants Ports Holdings to announce its intention to buy China’s half share in the port from a related company.

THE Chinese government’s half stake in the Port of Newcastle is being transferred to a company that specialises in container ports, although it will need Foreign Investment Review Board approval.