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Main Stakeholders in China Merchant’s Group & their key interests and concerns.
China Merchant’s Group has discovered its significance by acquiring the Newcastle Port which is a biggest port in extracting energy resources such as coal. Newcastle Port is generally situated in Australia and the owner of Newcastle Port has decided to give this port for a lease period of 98 years to China Merchant’s Group. Mainly most of the parties were attracting towards the Newcastle Port when New South Wales state government, the owner of the Australian port declares for giving this on lease (Dunning, 2012).
From all over the world, Hong Kong tycoon Li Ka-shing owner of Cheung Kong infrastructure, Deutsche Bank, Macquarie Bank, China State Commission, and many more were the main parties who showed in acquiring the port. But after the acquisition by China Merchant’s Group, they all become its stakeholders because in last year it exported 140 million tons of coal which was the highest amongst all the ports of the world. Quantity of the coal extracted from the Australian Port was a benchmark for all other coal extracting companies and ports across the globe (Liang, et. al., 2011).
All these stakeholders were involved in the procedure of the bidding for acquisition of the Australian port because even its huge benefits could not be assumed. After successful acquisition of the Newcastle Port of the Australia, China Merchant’s Group was involved in contributing for global energy transport market. This also helps the China’s economy because its Newcastle
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