YZJ's subsidiary picks up 40% of steel business JV
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Singapore
A MAJORITY-OWNED subsidiary of Yangzijiang Shipbuilding has entered into a joint venture involved mainly in steel structure fabrication business.
YZJ said after Wednesday's trading close that its 79.6-per cent-owned subsidiary, Jiangsu Yangzijiang Offshore Engineering Co, will subscribe for a 40 per cent equity in the new JV. Some undisclosed JV partners will hold the other 60 per cent interest.
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