A subsidiary of Zhenhua Heavy Industry (600320.SH) plans to sell two ships for US$206 million
Zhitongcaijing · 11/13 10:33

According to Zhitong Finance APP, Zhenhua Heavy Industries (600320.SH) announced that in order to effectively revitalize assets, optimize asset allocation, and promote the healthy and sustainable development of the company, Canada Shipping, controlled by the company's wholly-owned subsidiary, plans to acquire half of its holdings. The submarine vessels "RED ZED I" and "RED ZED II" were sold to Olympian for US$103 million each. It is expected to have a positive impact on the company's financial status in 2023 and 2024.