Shanghai: Shanghai Taisheng Wind Power Equipment Co has announced that it plans to use RMB197.88m raised funds to take over 51% equity of Nantong Blue Island Offshore.
Taisheng Wind Power said the acquisition will help optimize the company’s business structure and strengthen its manufacturing capacity and competitive advantage in high-end offshore products.
Blue Island Offshore is a private company specializing in offshore equipment construction, its main products include jack-up platforms, platform supply vessels and offshore wind power equipment. [16/05/13]
