Dalian Port's Application for A Share Issue Approved by CSRC

HONG KONG, Nov. 12, 2010 /PRNewswire-Asia/ -- Dalian Port (PDA) Company Limited ("Dalian Port" or the "Group", HKEx stock code: 2880), one of the major oil and container terminal operators in the PRC, has obtained the approval from the CSRC for its application to proceed with the A Share Issue. The A Share Prospectus and a summary of the A Share Prospectus will be published on the websites of the Shanghai Stock Exchange and the Hong Kong Stock Exchange on 12 November 2010. The appendixes to the A Share Prospectus will be published on the website of the Shanghai Stock Exchange on the same day. The summary of the A Share Prospectus will also be published in several PRC newspapers on the same day.

The total number of the Public A Shares and the Consideration Shares to be issued respectively to the Qualified Public A Share Investors and PDA in respect of the Initial Consideration for the Acquisition under the A Share Issue shall not exceed 1,500 million new Shares.

Target Assets of the proposed Acquisition include, (i) ore terminal and related logistics services; (ii) general cargo terminal and related logistics services; (iii) bulk grain terminal and related logistics services; (iv) passenger and roll-on, roll-off terminal and related logistics services; and (v) ancillary port operations. Upon completion of the proposed Acquisition, the business scope of the Company will be substantially expanded to cover the provision of terminal services for oil/liquefied chemicals, containers, automobile, ore, general cargo and bulk grain as well as passengers and roll- on, roll-off, in addition to certain port value-added services and ancillary port operations.

Pursuant to the requirements of the applicable PRC laws and regulations, Dalian Port and the lead underwriter for Issue of the A Shares will commence preliminary price consultation among qualified institutions that meet the requirements of the PRC laws and regulations from 15 November 2010 to 18 November 2010 (both days inclusive) in the PRC in order to determine the offer price range.

About Dalian Port (PDA) Company Limited

Dalian Port (PDA) Company Limited is principally engaged in four business segments, namely: the provision of terminal and related logistics services for oil/liquefied chemicals; the provision of terminal and logistics services for containers; the provision of terminal and logistics services for automobiles; and the provision of port value added services. The Group, which was listed on the Main Board of the Stock Exchange of Hong Kong Limited on 28 April 2006, is the largest oil, container and automobile terminal operator in Northeast China.

    For further information, please contact:

    Porda International (Finance) P.R. Co., Ltd.

     Keely Chan
     Tel: +852-3150-6760
     Email: [email protected]

     Ivan Kau
     Tel: +852-3150-6778
     Email: [email protected]

     Effie Ng
     Tel: +852-3150-6733
     Email: [email protected]

     Benjamin Yiu
     Tel: +852-3150-6721
     Email: [email protected]

     Fax: +852-3150-6728

SOURCE Dalian Port (PDA) Company Limited

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