Independent journal on economy and transport policy
21:24 GMT+2
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Yangzijiang Shipbuilding will constitute two joint venture with Qatar Investment Corporation
They will have center to Singapore and in China and they will take care of planning, construction and repair for the offshore industry
December 12, 2011
The navalmeccanica society Chinese Yangzijiang Shipbuilding (Holdings) Ltd. it will constitute two joint venture with Qatar Investment Corporation (QIC). The first new society will be called Offshore YZJ Engineering Pte Ltd (YOEPL), will have center to Singapore, a capital of 100 million dollars subdivided jointly between Yangzijiang Shipbuilding and QIC and will take care mainly of the planning and services correlated to the construction of ships and platforms for the offshore field.
The second new society will call Offshore YZJ Engineering (Lowers) Co. Ltd. (YOECCL), will have center in China and a capital of 250 million dollars, of which 100 million (40%) poured from YOEPL and 150 million (60%) from Yangzijiang Shipbuilding through a society integrally controlled. The society will take care of activity of construction and repair for the offshore field.
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