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 is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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