Guangzhou Shipyard International has entered into an agreement with its parent company, China State Shipbuilding Corporation (CSSC) for the acquisition of 100% equity interest in Guangzhou Wenchong Shipbuilding Limited (Wenchong) at a consideration of RMB3.04 billion.
The major business of Wenchong is building small to mid-sized vessels, its major products are cargo ships, dredging vessels, oil tankers and multi-purpose vessels.
The major business of Wenchong is building small to mid-sized vessels, its major products are cargo ships, dredging vessels, oil tankers and multi-purpose vessels.