China Merchants Holdings (International) intends to further deepen co-operation with Qingdao Port (Group) through a potential equity investment, reported the South China Morning Post.

The two groups signed an agreement on Saturday forming a second joint venture to consolidate their bulk cargo terminal resources in the city, China Merchants managing director Hu Jianhua said.
Seven bulk cargo terminals in western Qingdao ?C two from China Merchants and five from Qingdao Port ?C will be injected into the joint-venture company.