The company said it had sold Guangzhou Shipyard Industrial to property company Shanghai Lingxiang, 50% owned by GSI parent CSSC, for a net gain of CNY 856.9m ($138.4m).
The sales price was CNY 973.8m and the company was the only bidder.
The deal is part of a restructuring of the Hong Kong-listed yard by CSSC, which is transferring its southern Chinese yards to GSI ownership.
GSI
