ICTSI exits China’s Yantai port terminal 

MANILA, Philippines – Tycoon Enrique Razon Jr.’s International Container Terminal Services, Inc. (ICTSI) is exiting its port venture in China after 20 years, selling its controlling stake in Yantai International Container Terminal Ltd. (YICTL) for about $112 million. In a disclosure to the local bourse on Monday, the global ports operator said its wholly owned