Yangzijiang Shipbuilding (Holdings) (SG:BS6) has released an update.
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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.
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