Yiyang Zhonghai Shipyard listed for sale

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.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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