CSSC subsidiary Haiying Enterprise forms offshore engineering JV with partners

Haiying Enterprise, a subsidiary of China State Shipbuilding Corporation, signed an agreement with Tongguang Cable Group, Jiangsu Tongguang Marine Opto-electronic Technology and Beijing Minghua Xinda to establish Zhongchuan Offshore Company, an offshore engineering joint venture. The total investment is RMB100 million, with Haiying holding 41%.

“The joint venture will meet the demands from China's offshore development strategy under the One Belt and One Road initiative and will promote the development of the offshore engineering industry.”splash247.com

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• splash247.comCSSC subsidiary sets up offshore engineering JV - Splash247Jason JiangApr 19, 2017

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