Independent journal on economy and transport policy
13:50 GMT+2
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Ch Rongsheng confirmation the intention to yield the division of shipbuilding
the company of Hong Kong wants to sell to a potential Chinese purchaser also the ingegneristiche activities in the offshore field
March 17, 2015
The navalmeccanica society China Rongsheng Heavy Industries Ltd. Group Holdings Ltd. (Ch Rongsheng), that it has center to Hong Kong and yards to Nantong and Hefei, has confirmed to have signed a memorandum of understanding for the cession of own activities and own assets in the onshore field of the shipbuilding and in that of the ingegneristiche activities for the offshore industry to a potential Chinese purchaser. The agreement has been undersigned on 10 March and will have effect until next the 30 june.
Announcing the understanding the company of Hong Kong has confirmed the necessity of a consolidation of the activities of shipbuilding in China to light of the current phase of difficulty crossed from the market: the potential transaction - Ch Rongsheng has explained - will have to reorganize and to optimize assets and the activities of the group and to allow to unravel of assets and passivity in the segment of the shipbuilding and of the ingegneristica for the offshore one contributing to reduce the indebtedness of the group, improving the flexibility of I at best use of the financings, implementing the strategy of transformation of the business and the transformation in a supplier of services of energy focused on the markets of the oil and the natural gas.
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