CIMC buys stake in Yantai Raffles

Brian Chang, chairman of Yantai Raffles Shipyard Limited (YRSL) has signed an agreement to sell approximately 29.9% of YRSL's issued share capital to China International Marine Containers (Group). The deal, valued at $566m, is slated for completion in third quarter of this year and is conditional upon CIMC obtaining necessary ...

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