Zhuhai Jiuzhou Blue Line Investment Holding Co., Ltd. completed the acquisition of Aulong Shipbuilding Co., Ltd. from Jianglong Shipbuilding Co., Ltd..
April 06, 2022
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Zhuhai Jiuzhou Blue Line Investment Holding Co., Ltd. agreed to acquire 40% stake in Aulong Shipbuilding Co., Ltd. from Jianglong Shipbuilding Co., Ltd. (SZSE:300589) for CNY 20 million on February 28, 2022. As on December 31, 2021, Aulong Shipbuilding had total assets of CNY 99.8237 million, EBIT of CNY 75.5878 million and Net income of CNY 5.1107 million.As on February 28, 2022, Board of directors approved the transaction.
Zhuhai Jiuzhou Blue Line Investment Holding Co., Ltd. completed the acquisition of Aulong Shipbuilding Co., Ltd. from Jianglong Shipbuilding Co., Ltd. (SZSE:300589) on April 6, 2022.
Jianglong Shipbuilding Co Ltd is a company engaged in research, development, production and sales of boats. The Company's products and services include tourist and leisure boats, official law enforcement boats, special operations boats, application design and maintenance services. The tourist and leisure boats include passenger boats, sightseeing boats and luxury yachts. The official law enforcement boats include patrol boats, law enforcement boats and anti-smuggling boats. The special operations boats are used to provide services for special operations and work scenarios, including fire ships, scientific research ships and pilot ships. The Company sells its products to both domestic and international markets, including Australia, Nigeria and the Philippines.
Zhuhai Jiuzhou Blue Line Investment Holding Co., Ltd. completed the acquisition of Aulong Shipbuilding Co., Ltd. from Jianglong Shipbuilding Co., Ltd..