The owner said Qianhai Kaiyuan Fund (QKF) has agreed to buy half of its $402m private placement as it moves towards a more diversified shareholder base.

It will become the second-largest investor after Cosco with a 10.6% holding, according to the South China Morning Post.

Cosco is taking the other half of the issue and its stake will fall from 51.12% to 50.8%.

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