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Yangzijiang disposes of 20% stake in associated company

Michelle Zhu Published on Tue, Sep 06, 2016 / 8:33 AM GMT+8

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SINGAPORE (Sept 6): Yangzijiang Shipbuilding has disposed of its 20% equity interest in Jiangsu Hailan Marine Systems Technology (JHMST) for a total consideration sum of RMB29 million ($5.99 million).

JHMST, a company registered in China, deals with integrated marine electrical systems. It has a registered share capital of RMB100 million.

The sale was made through its wholly-owned subsidiary Jiangsu New Yangzi Shipbuilding,

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