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Yangzijiang Shipbuilding (Holdings) Ltd's Subsidiaries Announces Incorporation Of Subsidiary

Wednesday, 23 Jan 2013 04:37am EST 

Yangzijiang Shipbuilding (Holdings) Ltd announced that a new subsidiary of the Company, Jiangsu Leyuan Innovation International Trading Co., Ltd (JLIITCO), has been incorporated in the People’s Republic of China with a registered paid-up capital of RMB 10 million through its wholly-owned subsidiary, Jiangsu Yangzijiang Shipbuilding Co. Ltd by subscribing for 100% of the equity interest in the capital of JLYIITCO. The core business of JLIITCO is related to import, export and trading of metals including raw materials and products. The Company also announced that the Group had through its 60%-owned subsidiary, Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd (Xinfu Yard), incorporated a subsidiary in Taixing City, People’s Republic of China, namely, Taixing Yangzi Xinfu Ship Accessories Processing Co., Ltd, (TYXSAPCO) with a paid up share capital of RMB1 million. TYXSAPCO will provide ship accessories processing services. 

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