Yangzijiang Shipbuilding (Holdings) Ltd. (SGX:BS6) acquired additional 5% stake in Jiangsu Yangzi-Mitsui Shipbuilding Co. Ltd. from Mitsui & Co., Ltd. (TSE:8031) and Mitsui E&S Shipbuilding Co., Ltd for CNY 43.2 million on August 3, 2023. Yangzijiang Shipbuilding will pay cash consideration of CNY 43.2 million. Following the acquisition, Yangzijiang Shipbuilding?s equity interest in Yangzi-Mitsui has increased from 51% to 56%.
Yangzijiang Shipbuilding (Holdings) Ltd. (SGX:BS6) completed the acquisition of additional 5% stake in Jiangsu Yangzi-Mitsui Shipbuilding Co. Ltd. from Mitsui & Co., Ltd. (TSE:8031) and Mitsui E&S Shipbuilding Co., Ltd on August 3, 2023.