Yangzijiang Shipbuilding shuffles investments

Yangzijiang Shipbuilding shuffles investments

Singapore-listed Chinese shipbuilder Yangijiang Shipbuilding has announced that it has completed a series of investments and disposals in line with the group’s strategy to divert its attention from the non-core business into the core shipbuilding business.

Yangzijiang Shipbuilding has disposed of entire 40% equity interest in Jiangsu Zhuoran Yangzijiang Energy Equipment Company for RMB12m ($1.93m). It has also acquired additional 24% equity interest in Jiangsu New Yangzi Gas Company, a major gas supplier for shipyards, at RMB12.6m ($2.03m).

Meanwhile, Yangzijiang Shipbuilding has taken 100% equity interest in ship design firm Jiangsu Jiangyin-Jinjiang Industry Zone Barber-CS Marine Technology Company for RMB300,000 ($48,330), and 20% equity interest in Nanjing Saining Equity Investment Enterprise for RMB20m ($3.22m).

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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