Yangzijiang Shipbuilding enters JV to buy 34% stake in Tsuneishi Group’s shipbuilding unit for RMB833.1 mil

Mainboard-listed Yangzijiang Shipbuilding has entered into a joint venture agreement with Japanese conglomerate Tsuneishi Holdings to acquire a 34% equity stake in Tsuneishi Group (Zhoushan) Shipbuilding (TZS) through a private share allotment. Currently, TZS is a wholly owned subsidiary of Tsuneishi Holdings with a paid-up capital of US$73.4 million ($95.8 million). The acquisition has a … Continue reading Yangzijiang Shipbuilding enters JV to buy 34% stake in Tsuneishi Group’s shipbuilding unit for RMB833.1 mil