GSI To Acquire the Remaining 51% Equity of GSI Zhongshan

Credit: k-mitch-hodge-unsplash

CSSC announced on March 24 that its holding subsidiary Guangzhou Shipyard International intends to acquire 51% of the equity of GSI Zhongshan Shipping Marine Engineering held by CSSC Investment and Development, with a purchase price of 702 million yuan, reports Xinde Marine News.

After the acquisition, GSI Zhongshan became a wholly owned subsidiary of GSI. GSI Zhongshanis is a joint stock company of GSI with a registered capital of 700 million yuan.

This acquisition is conducive to the timely expansion and overall coordination of production resources of GSI, which will help the coordinated high-quality development of the marine industry.

Did you subscribe to our daily Newsletter?

It’s Free! Click here to Subscribe!

Source: Xinde Marine News


This site uses Akismet to reduce spam. Learn how your comment data is processed.