SGX:BS6Machinery
Assessing Yangzijiang Shipbuilding (Holdings) (SGX:BS6) Valuation After New Nantong Ship Repair Subsidiary
New Nantong subsidiary adds ship repair focus to Yangzijiang Shipbuilding (Holdings) (SGX:BS6)
Yangzijiang Shipbuilding (Holdings) (SGX:BS6) has set up Jiangsu Yangzi Hongda Shipbuilding and Repair Co. Ltd. in Nantong City with registered capital of US$100 million, fully funded from internal resources.
The new wholly owned unit will develop and operate facilities for large vessel delivery, repair and conversion services to support the group’s operations and business development. Management...