Yangzijiang Shipbuilding (Holdings) (SG:BS6) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Yangzijiang Shipbuilding (Holdings) Ltd has announced a partnership with Jingjiang City to establish a new clean energy ship manufacturing base on 1300 acres of land with strategic riverfront access. The company plans to invest around RMB 3 billion over the next two years, with the project’s initiation depending on government approvals and the results of an ongoing feasibility study. Shareholders are advised to be cautious as the project’s final approval from governmental agencies is not guaranteed.
For further insights into SG:BS6 stock, check out TipRanks’ Stock Analysis page.