PSA International has successfully won a bid to invest in Xiamen Container Terminal Group (XCTG). The transaction encompasses eight container terminals with a combined annual design throughput capacity of approximately 20 million TEUs.

Beyond the terminal investment, PSA International will also increase its stake in the Xiamen Port Multimodal Logistics Hub (XPLH), aiming to deepen the integration between port operations, inland logistics, and the broader supply chain network within Fujian province.

Mr. Ong Kim Pong, Group CEO of PSA International, stated: "Combined with PSA's existing joint venture in Fuzhou, Fujian is envisioned as a strategic global hub, enhancing overall ecosystem capabilities to better serve customers. Upon completion, this project will, as part of PSA's 'Node-to-Network' strategy, create resilience and broad customer value for sustainable global trade."

Mr. Cai Liqun, Chairman of Xiamen Port Group, noted: "This cooperation reflects the strong alignment between Xiamen Port Group and PSA in supporting the 'Silk Road Maritime' strategy and enhancing Fujian's role in international trade and shipping. By combining local strengths with PSA's global capabilities and network, we will continue to strengthen Xiamen's competitiveness and deepen the integrated development of ports and logistics across the province."

The completion of the transaction is subject to regulatory approvals and the satisfaction of customary closing conditions.

This investment further solidifies PSA's long-term presence in China. PSA already holds interests in Xiamen and Fuzhou, with the Fuzhou project being one of its early international investments outside its home base of Singapore. This investment is highly consistent with PSA's "Node-to-Network" strategy, which focuses on connecting port assets with an end-to-end logistics ecosystem.