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.