Xinghua Port Holdings Pte. Ltd. agreed to acquire remaining 10% stake in Singapore Changshu Development Company Pte. Ltd. from Petroships Investment Pte Ltd. on May 3, 2017. As on June 7, 2017, agreement was signed for the deal. Xinghua Port Holdings will issue 77.9 million shares for the deal. Pre deal, Xinghua Port Holdings held 90% and post deal will hold 100% of Singapore Changshu Development Company. Singapore Changshu Development Company will operate as a wholly owned subsidiary of Xinghua Port Holdings. Xinghua Port Holdings Pte. Ltd. completed the acquisition of remaining 10% stake in Singapore Changshu Development Company Pte. Ltd. from Petroships Investment Pte Ltd. on December 15, 2017.