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Yangzijiang Shipbuilding entered a joint venture agreement with Tsuneishi Holdings to acquire a 34% equity stake in Tsuneishi Group (Zhoushan) Shipbuilding (TZS) through a private share allotment for RMB833.1 million.
“This new joint venture will bring together our strengths in research and development, shipbuilding, and supply chains”sg.finance.yahoo.com
Summarized from public sources; check the original articles before acting on it.