YZJ pumping 1b yuan into investment holding firm
Together with six partners, it will set up Jiangsu Non-state-owned Investment Holding Co which will have four business platforms
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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.
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