Chinese state fund injects $447m into SinoOcean to promote the sale of idle offshore assets

SinoOcean, an idle offshore assets management platform set up by major Chinese state-run offshore builders, has entered into a partnership agreement with China Structural Reform Fund Corporation (CSRF) to accelerate the disposal of idle offshore assets. Under the agreement, CSRF and SinoOcean will jointly set up a new entity in Tianjin and CSRF will provide RMB3bn ($447m) …

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