Tianjin to raise $2.9b shipbuilding fund

Heavy Industry

Friday, September 05, 2008 23:46:33

	Tianjin to raise $2.9b shipbuilding fund By STAFF EDITOR Published: June 11, 2008 02:50 PM Northern China’s Tianjin municipality has lodged an application with China’s State Council to raise a $2.89 billion (RMB20 billion) shipbuilding fund, China Business News reported. “Our shipbuilding fund will have two modes,” vice mayor Cui Jindu told the newspaper. “One is equity investment and the other leasing, which is similar ... You are currently reading 57 words of 173 total words in this article. To continue reading this article, you must be a subscriber. Log in now. Buy this article now for $10 USD. Not a subscriber? Start your 7-day free trial now. bookmark \| digg \| Permalink \| Tell a Friend Tags for this article: investment , Tianjin , shipbuilding	More Articles in Heavy Industry > Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. RELATED ARTICLES > Zoomlion takes 82% stake in bulk material equipment maker Jidong Cement to build US$220m plant in Chongqing Fosun Int’l to build 10m ton steel mill in Jiangsu Fosun International becomes No 2 shareholder of Tianjin Steel Co Private sector makes inroads into Chinese shipbuilding industry China hit by global shipbuilding downturn Shandong paper maker 1H net profit soars 143%

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