The group Chinese naval mechanical Yangzijiang Shipbuilding (Holdings) Ltd., Jiangsu New Yangzi through subsidiaries Shipbuilding Co. (JNYSCO) and Yitian Investments, has acquired control of fellow Runzhou Heavy Industry Co. (RHIC) and its subsidiary Jiangsu New Yangzi Gas Co. (JNYG), which holds 51% equity.
With an investment of over $ 6.5 million Yangzijiang Shipbuilding has bought a 54.57% stake in RHIC, a company that deals with the preparation and painting of steel surfaces and paint related activities. JNYG is instead a company that deals with the supply of gas.
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