Greater China

JES buys stake in African timber firm

Singapore: Singapore listed Chinese shipyard continues to diversify with news that is has snapped up 51% of the Congolese timber company, Scibois.

The yard bought the stake from two Chinese individuals, Yang Shushan and Yang Nan.

Scibois has some 229,400 ha in the Democractic Republic of Congo and has a licence through to 2036.  [07/07/14]

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