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China Daily | Updated: 2009-03-17 07:43
Tianjin Port acquisition
Tianjin Port Development Holdings Ltd said it would pay $1.4 billion to acquire a 56.81-percent stake in Shanghai-listed Tianjin Port Co Ltd. About $910 million will be settled by the issue of Tianjin Port Development shares and the balance will be paid by cash, it said in a statement.
Steel futures approved
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