China Cosco Shipping Corp is said to be mulling the increase of its stake in Guangzhou Port.
The Chinese conglomerate is planning to grow its 9% holding in the southern China-based terminal, Bloomberg reported, citing a person familiar with the matter.
Guangzhou Port received regulatory approval in January for an initial public offering (IPO) in Shanghai.
It plans to use CNY 1.6bn ($232m) from the IPO proceeds to fund a CNY 7.5bn
