Greater China

China Ocean Shipbuilding purchases leasing asset

Shanghai: China Ocean Shipbuilding has announced that the company has entered into an equity transfer agreement to acquire a 20% stake in Zhenjiang Ocean Leasing at a price of RMB45m.

Zhejiang Ocean Leasing is active in shipbuilding, engineering and related business, where there is much potential for the development of the financial leasing business in China.

China Ocean Shipbuilding is on the move to diversify the company’s business and develop their own financial leasing business in the future. [07/11/14]

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