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September 08, 2008


Winson to buy Jiangxi Jiangzhou Shipyard

It is reported that Wonson International Holdings Ltd, a Hong Kong metals and securities trader, will buy a Chinese shipyard for HKD 3.5 billion, aiming to broaden its revenue base on rising Asian demand for vessels.

As per report Wonson will buy Jiangxi Jiangzhou Shipyard from Million King Investments Ltd, it said in a Hong Kong Stock Exchange filing yesterday. It will pay HKD 500 million in cash and HKD 3 billion in notes convertible into shares at 15 Hong Kong cents each.