Diversified Financial Services
Company Overview of China Merchants Group Limited
China Merchants Group Limited, engages in transportation and related infrastructure, financial investment and asset management, and real estate businesses in Hong Kong and internationally. The company operates public ports and toll roads; and is involved in the energy shipping, transportation and logistics, and ship repair businesses. It operates a fleet of 48 vessels consisting of LNG vessels, oil tankers, and bulk carriers with a total capacity of 7.18 million dwt. The company also engages in banking, securities, fund and fund management, and insurance and insurance brokerage businesses; and zone development, and property development and management businesses. In addition, it manufactures ...
China Merchants Tower
Shun Tak Centre
168-200 Connaught Road
Founded in 1872
Key Executives for China Merchants Group Limited
Deputy General Manager of Information Technology Department
Compensation as of Fiscal Year 2015.
China Merchants Group Limited Key Developments
China Merchants Group Denies Merger With Sinotrans
Sep 7 15
China Merchants Energy Shipping Co., Ltd. (SHSE:601872) denied media reports that China Merchants Group Limited would merge with Sinotrans & CSC Holdings Co., Ltd. Sinotrans Air Transportation Development Co., Ltd. (SHSE:600270) also filed a clarification to the SSE, denying the report on the merger of its actual controller Sinotrans & CSC with China Merchants Group.
Asciano Explores Sale Of Patrick Stake
May 9 15
Asciano Limited (ASX:AIO) Chief Executive, John Mullen says he is talking to "multiple parties" about a potential joint venture that could involve the sale of a minority stake in its Patrick container ports business, but no deal is imminent. Asciano confirmed in July it was in talks about a potential stake in Patrick that could be worth more than $1 billion. The company reportedly signed a memorandum of understanding with China Merchants Group Limited at the time to progress a deal but an agreement did not come about. Asked if China Merchants was still in the picture, he said: "Not in great detail, they are still around. “We are not in final stages of negotiation or anything. We just haven't found one [a partner] that really ticks the box yet." He said Asciano would consider selling a minority stake in Patrick but it was not essential for a partnership.
Carnival Corporation and China Merchants Group Sign Memo of Understanding for Two Potential Joint Ventures to Help Expand the Cruise Industry in China
Jan 27 15
Carnival Corporation & plc signed a memorandum of understanding (MOU) with China Merchants Group (CMG) to explore the possibility of two joint ventures designed to accelerate the development and growth of the overall cruise industry in China. The MOU outlines a potential strategic partnership between Carnival Corporation and CMG that includes exploring two possible joint ventures in support of China's ambitions to grow the cruising industry in China and meet escalating demand for cruises amongst Chinese travelers: onShip-Owning Joint Venture: Carnival Corporation and CMG will explore a joint venture that would own and operate its own cruise ships as part of the first-ever domestic Chinese cruise line specifically targeted to the Chinese market. The joint venture would explore the possibility of sourcing new ships that are designed and built in China, along with the possibility of acquiring existing cruise ships; and onPort & Destination Development Joint Venture: In this potential joint venture, CMG and Carnival Corporation would collaborate to develop turnaround and transit ports within and around China beginning with a port currently being developed by CMG called Prince Bay Cruise Terminal in Shekou, which is located in Shenzhen. The partners would work to have cruise ships sail from this port, while also developing other cruise ship destinations across China and Northern Asia.
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