Yangzijiang Shipbuilding to invest RMB 1 bil in new Jiangsu investment holding company

SINGAPORE (June 27): Yangzijiang Shipbuilding is investing RMB 1 billion ($204.5 million) through a wholly owned subsidiary into an investment holding company in Jiangsu, China.

Yangzijiang Shipbuilding said Jiangsu Yangzijiang Shipbuilding Co. (JYSCO) entered into an agreement with three other partners to set up the first non-state-owned investment holding company in Jiangsu with RMB 8.6 billion of registered paid-up capital.

JYSCO will subscribe to an 11.63% stake at RMB 1 billion in Jiangsu Non-state-owned Investment Holding Co (JNIHCO) in its capacity as a co-founder.

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