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Zhejiang Shipbuilding sold for 409 million yuan at auction

On July 8, the assets of Zhejiang Shipbuilding were auctioned and sold for 409 million yuan.
 
According to the auction website, the auction attracted 12,501 viewings, with two bidders bidding 50 times more than the initial bid of 360 million yuan.
 
According to the personnel of Ningbo Ship Trading Market, the buyer is a foreign enterprise, "other details are inconvenient to disclose".
 
The asset package includes 11 ships under construction and production materials, buildings, structures, etc.
 
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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