Yangzijiang Shipbuilding’s subsidiary Jiangsu New Yangzi Shipbuilding Co has invested RMB105m ($16.9m) in non-shipbuilding businesses.

The shipbuilder has subscribed for 30% equity interests respectively in the capital of Zhuhai Leading Power Asset Management Center (ZLPAM) and Zhuhai Interconnect Leading High-Tech Industrial Investment Center (ZILHT) for RMB15m and RMB90m respectively.

The investment will make both ZLPAM and ZILHT as associates of Yangzijiang Shipbuilding.

The core business of ZLPAM is related to project investment and asset management, while ZILHT is an equity venture capital investment fund aiming to generate capital gains from investment in various areas such as biomedical engineering, health services, software and integrated circuit, mobile internet, port, marine economy and ecological agriculture.