Clear Orbit posted China Ocean Industry disposes of major stake in Huakai Heavy Industry - Clear Orbit Austin, TX:

China Ocean Industry disposes of major stake in Huakai Heavy Industry |

Chinese shipbuilding group China Ocean Industry has entered into an agreement with Nantong Huachuan Transport Equipment for the acquisition of a 60% equity interest in Nantong Huakai Heavy Industry, a steel product and marine equipment manufacturer. The price of the deal is RMB20m ($2.89m). The asset value of Huakai Heavy has shrunk substantially in the …

China Ocean Industry disposes of major stake in Huakai Heavy Industry |
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