Ningbo Marine announced that Zhejiang Energy Group, the future owner of the mid-sized dry bulk firm, has officially got the approval from the national government to proceed with the much strung out acquisition. The company said Zhejiang Energy has got the go ahead to purchase 51% equity of Ningbo Marine, and can now start the acquisition process.
Meanwhile, Zhejiang Energy is required to submit relevant purchase documents to the government as soon as possible and actively promote the progress of the deal.
 

-- Source from Sino Ship News