YZJ pumping 1b yuan into investment holding firm

Singapore

YANGZIJIANG Shipbuilding (YZJ) will inject one billion yuan (S$204.6 million) through a wholly-owned subsidiary into an investment holding company in Jiangsu, China.

YZJ said Jiangsu Yangzijiang Shipbuilding Co has entered into an agreement with several partners to establish the first non-state-owned investment holding company in Jiangsu with 8.6 billion yuan of registered paid-up capital.

Jiangsu Yangzijiang will subscribe to 11.63 per cent equity interest at one billion yuan as a co-founder of Jiangsu Non-state-owned Investment Holding Co (JNIHCO). Three partners named …