The registered share capital of the JV will be up to US$99.9 million ($137.2 million) and total capital expected to be employed could amount to US$299 million. Yangzijiang will hold a 51% stake in the JV.
SINGAPORE (Oct 12): Yangzijiang Shipbuilding's joint venture agreement with MES-SC and Mitsui to establish a new shipbuilding company to tap the fast-growing gas carrier market is a positive development for the company, says DBS Group Research.
