Yangzijiang trims non-core business

YANGZIJIANG Shipbuilding (Holdings) Ltd has sold its 50 per cent stake in Wujiang Jinke Yangzi Real Estate Development Co Ltd for 200 million yuan (S$40 million). The sale was "in line with the group's strategy to reduce its investment in non-core business gradually", the group said. Yangzijiang also sold its 100 per cent stake in Jiangsu Leyuan Innovation International Trading Co Ltd for 10 million yuan.

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