By Benny Kung
Nikkei Markets
HONG KONG (Feb 06) -- Hong Kong-listed China Merchants Port Holdings said on Monday it agreed to dispose of its stake in unit Shenzhen Chiwan Wharf Holdings to units of its controlling shareholder group, booking a net gain of HK$3.88 billion ($496 million).
The state-owned port operator said a wholly owned unit will sell about 161.2 million yuan-denominated A-shares in Chiwan at 25.47 yuan apiece, and another wholly owned unit will dispose of 55.3 million Hong Kong dollar-denominated B-shares at HK$13.35 apiece. Separately, a unit in which China Merchants Port owns nearly a 37% stake, will sell another 209.7 million A-shares in Chiwan, also at 25.47 yuan apiece.
