Yangzijiang ups yard and ship design company stakes

Singapore-listed Yangzijiang paid RMB6m for a 40% stake in Shanghai Henggao Ships Design giving it 100% control of the company, having previously held a 60% indirect stake in the firm.

The shipbuilder also acquired an additional 20% stake in Jiangsu Yangzi Xinfu Shipbuilding for $18m giving it an 80% interest in the shipyard. Yangzijiang said the investment in the yard was critical to its future growth.