SINGAPORE (Aug 1): Yangzijiang Shipbuilding has disposed its stakes in two subsidiaries to Group Executive Chairman Ren Yuanlin to enable the group to divert its attention from the non-core businesses to the core shipbuilding and related businesses.

These were a remaining 50% stake in Jiangsu Huayuan Metal Processing Co for RMB93.5 million ($19 million) and 100% stake in Jiangsu Zhongzhou Vessel Component Manufacturing Co for RMB1 million ($0.2 million).

The disposed were made through Yangzijiang’s wholly-owned subsidiaries.

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