Singapore-listed Chinese yard Yangzijiang Shipbuilding, via its wholly-owned subsidiary, Jiangsu New Yangzi Shipbuilding, has acquired the remaining balance of 40% of the equity interest in the capital of Shanghai Henggao Ships Design for RMB6m.
Seperately, New Yangzi acquired an additional 20% of the equity interest in the capital of Jiangsu Yangzi Xinfu Shipbuilding for $18m.
Xinfu Yard is located at Taixing City, Jiangsu province. It has only just started operations and is targeting VLCCs and large containerships.
-- Source from Sino Ship News