China Merchants Port Raises Lease Cap, Signs Logistics Deal

MT Newswires Live

Mar 19

China Merchants Port (HKG:0144) raised the annual cap for rental income under its CMPort Building lease agreements to 17.4 million yuan from 17.2 million yuan, according to a Wednesday Hong Kong bourse filing.

Shares of the port operator were down nearly 2% in Thursday morning trade.

The revision follows a new lease agreement with CMIT for office units at the CMPort Building.

Separately, its unit CM Djibouti entered into a services framework agreement with China Merchants Qian Hai Wan (Shenzhen) Supply Chain Management to provide logistics and storage services, with annual caps of $10 million for 2026, $14 million for 2027, $15 million for 2028, and $4 million for 2029, the filing showed.

The company also said it will donate HK$15 million to China Merchants Foundation.

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