Home - Port News


Dandong Port Group Co., Ltd. was Founded

Add Time:2020-09-08 16:06:03

丹东港口集团有限公司挂牌成立.jpg

On the morning of August 31, Dandong Port Group Co., Ltd. (hereinafter referred to as "Dandong Port Group") was officially established under the joint witness of Liaoning Province, Dandong City, China Merchants Group Limited, Liaoning Port Group and other parties.


According to the creditor's application, the Intermediate People's Court of Dandong City ruled that Dandong Port Group Co., Ltd. entered the bankruptcy reorganization procedure in April 2019. Through the combination of open recruitment and directional invitation, Liaoning Port Group, which belongs to China Merchants Group Limited, has become the strategic investor of Dandong Port Group Co., Ltd.


On the basis of the principle of marketization and legalization and according to the reorganization plan approved by the Intermediate People's Court of Dandong City, the reorganization work of Dandong Port Group Co., Ltd. was carried out in a solid and effective way, including asset injection, staff resettlement, debt repayment and other work according to law. On August 31, Dandong Port Group Co., Ltd. signed the Transfer Agreement on Equity of Dandong Port Group Co., Ltd. with Liaoning Port Group and completed the equity delivery of Dandong Port Group Co., Ltd. according to law, and Dandong Port Group Co., Ltd. was officially put into operation.


Dandong Port is an important regional port along the coast of Liaoning, located in the center of the Northeast Asia economic circle and the eastern end of economic belt surrounding the Bohai Sea, it is located in the northeast, borders the Yellow Sea to the south, and faces Korea across the river to the east. It is the starting point of the northernmost part of China's sea border and the most convenient sea passage in the eastern part of Northeast China. It is also the closest international natural ice-free port to the Far East of Russia, the Korean Peninsula and the Japanese islands.


As one of the regional companies of Liaoning Port Group, after its establishment, Dandong Port Group Co., Ltd. will continue to improve the port production capacity and the level of digitization and informatization based on its own location and resource advantages, and innovate the business operation mode, seek new sources of supply, strengthen the cooperation with related enterprises of Liaoning Port Group and China Merchants Group Limited, drive the surrounding industries and regions to achieve high-quality development, and make new and greater contributions to the development and opening up of Liaoning coastal economic belt.