A resolution is in sight for the last of the three yards set up by Simon Liang (Liang Xiaolei), with a proposal to turn the former Sinopacific Zhejiang Shipyard into luxury flats for China’s growing upper middle class.

That would mark a clean break for the Liang family after the two-year long financial collapse of their yards at Ningbo in Zhejiang province and at Nantong and Yangzhou in Jiangsu province.