Greater China

Yangzijiang Shipbuilding disposes of assets

Singapore: Yangzijiang Shipbuilding Ltd announced on Tuesday that it is disposing of its entire 31.5% stake in Wuxi Runyuan Technology Microfinance Co for RMB103.95m (US$16.46m).

Yangzijiang Shipbuilding said it has another subsidiary that operates a similar business as Wuxi Runyuan and the disposal would allow the group to streamline its structure and control its overall administrative expenses more effectively.  [20/06/12]

Back to top button