CHINA MER PORT (00144.HK): terminates South Asia logistics hub project
- The shareholders injected total equity of USD 37.14 million (about HKD 290 million), with FCGL contributing USD 26 million and Access Engineering and SLPA USD 5.57 million each.
- SLPA settled USD 3.9 million of VAT and will pay USD 21.905 million (about HKD 171 million) to SACL within 30 days.
NewTimeSpace News: On 15 October 2026, China Merchants Port Holdings Company Limited (00144.HK) announced that FCGL, Access Engineering, SLPA and SACL agreed to enter into a settlement agreement to terminate the shareholders', BOT and site lease agreements with immediate effect. The shareholders injected total equity of USD 37.14 million (about HKD 290 million), with FCGL contributing USD 26 million and Access Engineering and SLPA USD 5.57 million each. SLPA has settled USD 3.9 million of VAT and will pay USD 21.905 million (about HKD 171 million) to SACL within 30 days. Together with SACL's distributable cash of about USD 7.85 million (about HKD 61.23 million), amounts will be distributed to the three parties in a 70%, 15% and 15% split, giving them about USD 20.83 million, USD 4.46 million and USD 4.46 million. As all applicable percentage ratios are below 1%, the transaction is fully exempt, but the Company must comply with the Rule 14A.35 requirement.
