Beibu Gulf Port Awards Over 17 Million Yuan Ecology Contract to Related Party

MT Newswires Live12-09

Beibu Gulf Port (SHE:000582) subsidiary Jinfeng Terminal awarded a 17.2 million yuan contract for fisheries resource compensation and stock enhancement to Zhonggang Construction.

The work is for the Berth No. 12 and 13 projects in Qinzhou Port, according to a Tuesday filing with the Shenzhen bourse.

Zhonggang Construction is a subsidiary of a company controlled by Beibu Gulf Port's parent group.

Shares of the port services provider were down 1% Tuesday.

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