T Rowe Price has emerged as a significant shareholder in Singapore-listed Chinese shipbuilder Yangzijiang Shipbuilding Holdings.

The US-listed asset manager now an 8.6% stake in China’s largest privately-owned shipbuilder, according to regulatory filings.

Analysts remain bullish on China’s Yangzijiang despite shadow of Covid-19
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T Rowe Price recently passed the 8% threshold after acquiring 5.8m