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Titan Petrochemical acquires Zhoushan shipyard assets - Hong Kong-listed Titan Petrochemical has reached an agreement with Fang Jiancheng and Fang Zheng, the founding shareholders of Zhoushan Yatai Shipbuilding Engineering, for the acquisition of a 46% stake in Sino Genius Group, which indirectly owns 94.74% equity interest in Zhoushan Yatai, for RMB100m ($14.47m). Titan Petrochemical believes the acquisition will increase the dock capacity […]
Hong Kong-listed Titan Petrochemical has reached an agreement with Fang Jiancheng and Fang Zheng, the founding shareholders of Zhoushan Yatai Shipbuilding Engineering, for the acquisition of a 46% stake in Sino Genius Group, which indirectly owns 94.74% equity interest in Zhoushan Yatai, for RMB100m ($14.47m). Titan Petrochemical believes the acquisition will increase the dock capacity …
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