MANILA, Philippines – Global ports operator International Container Terminal Services, Inc. (ICTSI) is exiting its port venture in China after 20 years, as it moves to sell its controlling stake in the Yantai International Container Terminal Ltd. (YICTL).  In a disclosure to the local bourse on Monday, ICTSI said its wholly owned subsidiary, ICTSI (Hong Kong) Ltd., had signed an equity interest transfer agreement with Yantai Port Holdings Company Limited for the sale of its 51-percent equity interest in YICTL.  READ: ICTSI gets 26 years more in Melbourne Under the deal, ICTSI will sell 384.54 million shares at RMB2.01 per […]... Keep on reading: ICTSI exits China port with $112-M sale of Yantai stake