On September 15, 2022, China Merchants Port Group Co., Ltd. closed the transaction. The company announced a private placement of 576,709,537 A shares at a price of CNY 18.50 per share for gross proceeds of CNY 10,669,126,435, of which CNY 576,709,537.00 is recorded as paid-in capital, and the balance of CNY 10,055,823,793.40 is recorded as capital reserve. The transaction included participation from new investor, Zhejiang Provincial Seaport Investment & Operation Group Co., Ltd. with 23.08% stake.