Yangzijiang Shipbuilding has bought a slice of a newly incorporated financial leasing company in China.

The Chinese shipbuilder said it has acquired a 40% stake in Zhuhai Lead Power Financial Leasing (ZLPFL), which has a registered capital of CNY 100m ($15.6m).

Yangzijiang said the main objective of ZLPFL is to leverage advanced financial concepts and technologies, as well as operating and management skills, to create a financial leasing company base in mainland China.

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