China Rongsheng Heavy Industries is sitting on a huge expansion war-chest after landing a credit line worth CNY 35bn ($5.5bn) today.
China Development Bank is providing the funds which add to facilities worth more than $6bn the shipbuilder had already bagged this summer.
In a statement Rongsheng explains this latest batch of cash will be used to develop its marine engine business, asset restructuring and for mergers and acquisitions.
Rongsheng
