# Yangzijiang Shipbuilding to buy 34% stake in Tsuneishi Group (Zhoushan) Shipbuilding for RMB833.1M

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.

- Type: Acquisition
- Announced: 2024-09-12
- Where: Zhoushan, China
- Status: announced
- Products: shipbuilding
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Yangzijiang Shipbuilding](https://endata.com/companies/12623.md) (acquirer)
- [Tsuneishi Group](https://endata.com/companies/62661.md) (partner)
- [Tsuneishi Group (Zhoushan) Shipbuilding](https://endata.com/companies/79768.md) (target)

## Sources

- [sg.finance.yahoo.com](https://sg.finance.yahoo.com/news/yangzijiang-shipbuilding-enters-jv-buy-023856666.html), 2024-09-12: "This new joint venture will bring together our strengths in research and development, shipbuilding, and supply chains"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.