Chinese company takes control of Six Tee Engineering

Chinese company takes control of Six Tee Engineering

Shanghai: Zhangjiagang-based Furui Special Equipment, a provider of marine equipment and gas storage equipment, has announced that it plans to acquire a 51% equity share in Six Tee Engineering Group, a Singapore-based EPC service provider in the marine and offshore sectors, through its Singapore subsidiary Furuise (Singapore) Investment Holding.

Furui plans to use $4.99m to acquire 38.75% equity shares and spend another $3.21m to replenish the registered capital of Six Tee.

Furui said the acquisition deal will support its business expansion in the offshore LNG equipment and international market.

Six Tee Engineering Groups now operates three subsidiaries including Six Tee (Europe) Marine & Offshore Technology, Six Tee Offshore Project Services and Six Tee (Tianjin) Marine & Offshore Engineering.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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