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.
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.
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