China’s Yangzijiang Shipbuilding has completed a series of investments and disposals, in line with the company’s strategy to divert its attention from the non-core businesses into the core shipbuilding and related businesses.
Distressed China Huarong Energy Company, formerly known as China Rongsheng Heavy Industries, announced that a memorandun of understanding (MOU) over the sale of its assets and liabilities to a potential buyer has lapsed.
Yangzijiang Shipbuilding has signed up for a cross-bank solution for cash management (CSB) service provided by China Merchants Bank’s Wuxi branch, designed to help the company meet cash and treasury management needs.
China’s Yangzijiang Shipbuilding has announced that it will delist from the Taiwan Stock Exchange (TSE) due to the small trading volume and listing costs.
Yangzijiang Shipbuilding, China’s biggest privately-owned shipyard, has expressed interest to bid for the tenders to construct very large ore carriers (VLOCs), its executive chairman Ren Yuanlin said.
Privately-owned Yangzijiang Shipbuilding has confirmed its interest in taking a stake in troubled compatriot Rongsheng Heavy Industries, which is currently going through a restructuring.
Privately-owned Yangzijiang Shipbuilding has been approached by the relevant Chinese government authorities to consider an acquisition of a stake in ailing Rongsheng Heavy Industries.
China’s Yangzijiang Shipbuilding is upping its game in its new gas business as the yard is negotiating new deals to build 80,000 cu m LPG carriers, following its recent firm orders for two 27,500 cu m LNG ships.
