China Merchants Port

China Merchants Port Holdings Company Limited (SEHK: 144) is a major conglomerate based in Hong Kong and is involved in a range of businesses such as port operations, general and bulk cargo transportation, container and shipping business, air cargo, logistics park operations and paint products. The predecessor of the parent company was established in 1872 and was the preeminent industrial and commercial group in mainland China.[2][3][4]

China Merchants Port Holdings Co. Ltd.
Native name
招商局控股港口有限公司
Partially State-owned enterprise (Red chip)
Public company
Traded asSEHK: 144
ISINHK0144000764 
IndustryShipping and Logistics
Founded28 May 1991
Headquarters
Hong Kong
,
People's Republic of China
Area served
People's Republic of China
Key people
Chairman: Li Xiaopeng
7,955,100,000[1] (2018) 
OwnerChina Merchants Group (55.4%)
Number of employees
9,149[1] (2018) 
ParentChina Merchants Group
Websitecmport.com.hk

History

On 16 June 1997, the company adopted the title China Merchants Holdings (International) Company Limited (招商局國際有限公司).

On 15 July 1997, the company was listed in the Hong Kong Stock Exchange.[5]

On 10 August 2016, the company adopted its current title.[6]

Indexed stock

In the quarterly review of Hang Seng Index composition ended on Jun 29 2018, it was announced by Hang Seng Indexes Company that China Merchants Port will be removed from constituent stocks from Sep 10, 2018, and replaced by another. The decision to remove China Merchants Port was due to its turnover volume and market capitalisation failed to meet the minimum requirements.[7]

References
  1. http://www.cmport.com.hk/UpFiles/bpic/2019-04/20190426052119672.pdf.
  2. China Merchants Holdings International Archived 2012-07-22 at Archive.today
  3. https://www.reuters.com/finance/stocks/overview?symbol=0144.HK
  4. https://www.google.com/finance?q=HKG%3A0144
  5. http://www.hkex.com.hk/eng/invest/company/profile_page_e.asp?WidCoID=144&WidCoAbbName=&Month=&langcode=e
  6. "Change of Company Name, Stock Short Name and Company website" (PDF). Hkexnews.hk. Retrieved 27 August 2016.
  7. Bank of East Asia and China Merchants Port kicked out of benchmark Hang Seng Index, SCMP 2018-08-10. Retrieved 2018-09-23



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