Yangzijiang Shipbuilding (Holdings) (SG:BS6) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Yangzijiang Shipbuilding (Holdings) Ltd., a leading Chinese shipbuilder, has entered into a joint venture with Tsuneishi Holdings Inc., acquiring a 34% stake in Tsuneishi Group (Zhoushan) Shipbuilding Co., Ltd. The move, aimed at promoting decarbonization in shipbuilding and maritime industries, will be funded entirely from Yangzijiang’s internal resources and is expected to enhance the existing partnership by leveraging combined R&D and supply chain capabilities.
For further insights into SG:BS6 stock, check out TipRanks’ Stock Analysis page.