Biz Scene: Market

Terminal plan

China Merchants Holdings (International) Co, owner of stakes in the country's five largest container ports, plans to build a 3.5 billion yuan multipurpose terminal in Shenzhen.

The company aims to build the terminal in Mawan's Qianhaiwan district and develop it into five berths. The first berth, to cost less than 700 million yuan, will be used for bulk cargo and will have a capacity of 100,000 tons. Construction will start next year.

Roast duck offering

Famous Peking roast duck restaurant chain China Quanjude (Group) Co Ltd yesterday started the preliminary initial public offering price inquiry after kicking off its IPO on Friday.

Quanjude plans to raise at least 380 million yuan, of which 217.96 million yuan will be used to remodel two chain restaurants and set up five chain stores and one hotel.

The company will use the rest of the capital to upgrade its food production bases and logistic centers, according to its statement.

(China Daily 10/30/2007 page15)