Greater ChinaShipyards

Yiyang Zhonghai Shipyard listed for sale

Yiyang Rubber Plastics Machinery Group has listed 100% equity of Hunan-based Yiyang Zhonghai Shipyard for sale on the Beijing Equity Exchange. The listing price is RMB177m ($27.8m).

Yiyang Zhonghai Shipyard, formerly Hunan Yiyang Shipyard, was reformed into a wholly state-owned company in 2006, after a restructuring with Yiyang Rubber Plastics Machinery Group, a subsidiary of China National Chemical Corporation.

The shipyard, which is in a landlocked province, mainly builds small coastal vessels and river vessels. It suffered a net loss of RMB23.22m ($3.65m) last year.

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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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