An intra-group deal will see CSSC Offshore & Marine Engineering Co (Comec) take over Wenchong Dockyard, a loss-making vessel repair yard that can also manufacture transport equipment.
In an exchange filing, the Shanghai- and Hong Kong-listed Comec said its subsidiary Guangzhou Shipyard International agreed to acquire the whole of Wenchong Dockyard for a total of CNY 498.3m ($71.9m).
GSI will pay CNY373.5m
