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
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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 Hong Kong and Shanghai stock exchanges and boasts a market capitalisation of over HK$321.5 billion (S$59 billion) as at Jan 22.
