Yangzijiang Shipbuilding acquires 10.6% stake in Suzhou Jiumei Fiber Glass for S$12.6 mil

-A +A

SINGAPORE (June 21): Yangzijiang Shipbuilding's wholly-owned subsidiary, Jiangsu New Yangzi Shipbuilding, is acquiring a 10.6% equity interest in Suzhou Jiumei Fiber Glass (JFG) through the trading system of National Equities Exchange and Quotations (NEEQ) for RMB 60.0 million (S$12.6 million).

Listed on China’s NEEQ, FJG specialises in the development and production of glass fibre reinforced plastics, one of the most widely used composites material in...(click on link for full story on theedgesingapore.com)