Hutchison Ports will pay $732 million to buy assets from China Resources at the ports of Hong Kong and Shenzhen, raising the stake the world's largest port operator has at the Southern China gateways.
The purchase from the state-owned business will give Hutchison a controlling 53.4 percent share in the Yantian International Container Terminals in Shenzhen and raise Hutchison's 66.5 percent stake in Hongkong International Terminals to 76.5 percent.
By The Numbers: U.S.Trade with Mainland China.
Hutchison's shares surged 5.3 percent on the Hong Kong stock exchange on Monday following announcement of the investment, a sign of the Hong Kong conglomerate's confidence in trade prospects out of China.
Hong Kong is the world's third-largest container port, and Shenzhen is No. 4.