Greater China

More woe for Rongsheng

Hong Kong: Further financial trouble is headed towards Jiangsu Rongsheng Heavy Industries. China's debt-laden largest private yard is being sued for RMB16.37m plus costs by Aegon Industrial Fund for the yard's protracted failure to buy out engine manufacturer Anhui Quanchai Engine Co. Rongsheng said it maintains the legal act is frivolous and will fight the case. (14/09/12)

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