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CSSC to sell its shipping enterprise shares at 1 yuan!

On July 20, Tianjin Xingang Shipbuilding Heavy Industry was listed to transfer 100% equity and 104,441,5296.63 million yuan of debt of Tianjin Xingchuan Heavy Machinery Equipment.
 
The listing and transfer of the base price is 104,441,5297.63 million yuan. Among them, the listing price of 100% equity of Xingchu Heavy Machinery is 0.0001 million yuan, namely 1 yuan.
 
Zhongzhou Shipbuilding, Tianjin Shipbuilding and Sinosteel Ocean entrusted Xingchuan Heavy Machinery with their creditor's rights, and received the transfer price of the creditor's rights on behalf of Xinggang Shipbuilding.
 
According to the disclosure of property rights transfer, Xingchuan Machinery was established in December 1982, and is a 100% wholly-owned subsidiary of Xingang Shipbuilding.
 
At present, Xingchuan's main assets include the property rights of 88,800 square meters of industrial land in Hangu Modern Industrial Park, Binhai New Area, Tianjin, and the equipment of 200 tons crane and 100 tons crane in the machining workshop and the riveting welding workshop.
 
Source: Sarah Yu, XINDE MARINE NEWS

The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.

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