PYI Corporation, the Hong Kong-based bulk cargo port and infrastructure group, has completed its investment of Rmb114m for a 51 per cent equity interest in Yichang Port Group.

Tom Lau, Managing Director of PYI, said the move represented a key step in extending the company’s port network on the Yangtze River.

Yichang port in Hubei province is situated on the middle reaches of the Yangtze, near the Three Gorges Dam.

Yichang Port Group, which is principally engaged in transport logistics and property investment, is the leading port and terminal operator in Yichang. It owns 11km of shoreline and is engaged in bulk cargo and container handling, and storage.