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China's CRRC to inject S$23.65m into Vallianz

State-owned enterprise will pick up 13.9% of vessel operator through an equity injection as it seeks to branch out into the offshore and marine sector

Mr Ling says that Vallianz is looking to strengthen its balance sheet through the S$23.65 million cash boost tied to CRRC's share subscription.


CHINA'S state-owned rail corporation CRRC is set to pick up a 13.9 per cent interest in Vallianz Holdings through S$23.65 million of equity injection as the Chinese state-owned enterprise (SOE) seeks to branch out into the offshore and marine sector.

CRRC is listed on the

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