On 14 August 2013, Macquarie International Infrastructure Fund (MIIF) announced the sale of a 40 % stake in Changshu Xinghua Port (CXP) to the existing co-shareholders, Pan-United Infrastructure Pte. Ltd. (PUI) and Petroships Investment Pte Ltd., who will buy the stake for a consideration of S$112.2 million.

As part of a Strategic Review carried out in June 2012, Macquarie International Infrastructure Fund (MIIF), an Asia-focused listed infrastructure owner and operator of private infrastructure businesses, initiated a range of alternatives focussed on generating value for shareholders of MIIF. Among them, the company decided to sell MIIF's interests in Hua Nan Expressway, Changshu Xinghua Port (CXP) and Miaoli Wind.

MIIF acquired a 38.0% effective interest in Changshu Xinghua Port (CXP) in December 2005 for a consideration of S$106.4 million. This interest is held through a 40.0% shareholding interest in Singapore Changshu Development Company Pte Ltd (SCDC), which in turn holds a 95.0% shareholding interest in CXP. The remaining 60.0% shareholding interest in SCDC is held by Pan-United Infrastructure Pte. Ltd. (PUI), a wholly-owned subsidiary of Pan-United Corporation Ltd (PUC), and Petroships Investment Pte Ltd.

CXP is a multi-purpose cargo port centrally located within the Yangtze River Delta industrial zone, a high growth industrial region that includes the cities of Suzhou, Wuxi and Changshu in the People's Republic of China.

PUI and Petroships will purchase 36.0% and 4.0%, respectively, of MIIF's 40.0% shareholding interest in SCDC. Post the Proposed Divestment, PUI will hold a 90.0% shareholding interest in SCDC and Petroships will hold the remaining 10.0%.