Yangzijiang Shipbuilding’s wholly-owned subsidiary Jiangsu Yangzijiang Shipbuilding Co has entered into a limited partnership agreement with Jiangsu Yingcheng Asset Management, Jiangsu Province Government Investment Fund, Jiangyin Lingang Venture Capital, Jiangsu New Yangtze Industrial Group and Nantong HengLu Taifu Investment Center on Jan 26.
The agreement will see Jiangsu Yangzijiang Shipbuilding subscribing for a 20% equity stake in the capital of Jiangsu Jiequan Emerging Industry Development Fund Limited Partnership (Jiequan Emerging Industry) for a consideration of RMB200 million ($40.9 million).
Following the subscription, Jiangsu Yangzijiang will become a limited partner of Jiequan Emerging Industry.
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