February 23-Shenzhen Yan Tian Port Holdings(000888)plans to transfer a 50-percent stake in Shenzhen Wutongshan Tunnel Limited to its controlling shareholder, Shenzhen Yantian Port Group, for 275 million yuan, reports stcn.com, citing a company filing.

The company exercised the right to acquire a two-percent stake in Yantian International Container Terminals for 28.67 million US dollars, which is equivalent to 188 million yuan.

However, the company dropped the prior right to acquire a one-percent stake in Yantian International Container Terminals.