Major shareholder to ditch AVIC Dingheng Shipbuilding shares

Major shareholder to ditch AVIC Dingheng Shipbuilding shares

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).

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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