State-run player to revive Quanzhou Shipyard

State-run Quanzhou Transportation Development Group (QTDG), the new owner of Quanzhou Shipyard, plans to invest RMB2bn ($309m) to support the restructuring of the yard. The group took over the Titan Petrochemical-controlled shipyard for RMB1.2bn via an auction in February after the shipyard entered into a liquidation process last year. Following the completion of asset restructuring, QTDG …

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