CIMC set to purchase YRSL stake
By Wang Xiaotian | China Daily | Updated: 2009-11-17 07:59
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CIMC reported a loss of around 50 million yuan in the third quarter of this year.Hu Weiming |
China International Marine Containers (Group) Ltd (CIMC) will spend $1.7 billion to buy stakes of Yantai Raffles Shipyard Ltd (YRSL) to strengthen the group's marine engineering business, company executives announced yesterday.
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