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Guangzhou Shipyard International Co Ltd completes acquisition


Monday, 16 Jun 2014 06:07am EDT 

Guangzhou Shipyard International Co Ltd:Refers to previous announcements.Says on March 5, the guangzhou administration for Industry and Commerce issued a new business license of Longxue Shipbuilding evidencing the company holds 100 pct equity interest in Longxue Shipbuilding.The company settled the consideration of the acquisition in full to the vendors.All the conditions precedent to the acquisition have been satisfied and the completion of the acquisition took place on June 16. 

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