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China Merchants Group

China Merchants Holdings (International) Co (HK stock code 0144) is a major Hong Kong-based conglomerate, whose activities span port operation, general and bulk cargo transportation, container and shipping business, air cargo, logistics park operation and paint products.

Sri Lanka's government handed over the running of Hambantota port to a Chinese company on Saturday. Photo: AFP

Sri Lanka hands over major port to Chinese company

Sri Lanka formally handed over commercial activities in its main southern port to a Chinese company on Saturday and received US$292 million out of a US$1.12 billion deal, Finance Minister Mangala Samaraweera said.