Shanghai Zhangjiang Han-Century Venture Capital, a major shareholder of AVIC Dingheng Shipbuilding, has listed its entire 8% equity share of the shipyard for sale on the Shanghai United Equity Exchange for RMB7.96m ($120.8m).
The controlling shareholder of AVIC Dingheng is AVIC International, with a shareholding of 82.1%. AVIC International acquired Jiangsu Dingheng Shipbuilding and restructured it into AVIC Dingheng Shipbuilding in 2006. It mainly builds medium and small size chemical tankers.
The shipyard currently has total assets of RMB1.24bn ($188m) and total liabilities of about RMB1.5bn ($228m).