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.
The