Greater China

Rainbow Heavy to set up ship design jv

Shanghai: Jiangsu Rainbow Heavy Industries (RHI) announced that it has signed an agreement with Nantong Hongwei Ship Technology Development to set up a joint venture which will be dedicated to special engineering ship design.

RHI and Nantong Hongwei will invest RMB3.25m and RMB1.75m to get 65% and 35% of the joint venture respectively.  [23/01/14]

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