GSI sells more assets

Guangzhou: Guangzhou Shipyard International (GSI) announced that it has listed subsidiary GSI Industries on the Shanghai United Equity Exchange for RMB560m.

GSI said the move was part of its relocation plan, and the potential deal will increase the working capital of the company.

GSI has recently started its relocation plan, and will gradually move its core operations to Longxue Shipyard. [29/09/14]

 

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