On September 12th, yzj shipbldg sgd announced that it has signed a joint venture agreement with CSSC Holdings to acquire 34% of the equity of CSSC (Zhoushan) Shipbuilding Co., Ltd., with a purchase price of 0.833 billion yuan, which will be paid in cash. At the same time, CSSC Holdings issued an announcement stating that it has reached an agreement with yzj shipbldg sgd and has decided to conduct a third-party allocation of new shares of CSSC (Zhoushan) Shipbuilding Co., Ltd. to yzj shipbldg sgd. CSSC (Zhoushan) Shipbuilding is a wholly-owned subsidiary of CSSC Holdings in China.
扬子江船业拟8.33亿元收购常石集团（舟山）造船34%股权
yzj shipbldg sgd plans to acquire 34% equity of CSSC (Zhoushan) Shipbuilding with a transaction value of 0.833 billion yuan.
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