Further acquisitions for Yangzijiang Shipbuilding

2013-02-06

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

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