Independent journal on economy and transport policy
02:28 GMT+1
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JES International Holdings sells own navalmeccaniche activities
will be yielded Hong Kong Victo International
February 12, 2016
the JES International Holdings group of Singapore has announced today the cession of own navalmeccaniche activities to Hong Kong Victo International Ltd. of Hong Kong. The entire capital will be sold is of the Jiangsu Eastern Heavy Industry Co. (JEHI) is of the Jiangsu New Eastern Marine Engineering Equipment Co. (JNEME) let alone 49% of the capital of the Jiangsu Nereus Shipyard Co. (JNS).
the Hong Kong Victo International society is constituted 24 April 2012 and, with its branches, it is specialized in the restructure of activity and services of advising for the performance of fusions and acquisitions.
JES International has specified to have had contacts with various societies of shipbuilding in China, but nobody of these has introduced an offer for the acquisition of the navalmeccaniche activities of the group of Singapore because of the their elevated level of indebtedness.
the sale to Hong Kong Victo International will happen for 500 thousand dollars, but to a year from the transaction it could be to us an adaptation on the base of the verification of the state of indebtedness of the yielded activities.
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