Asia
Fujian Highton Development's Unit to Invest 600 Million Yuan to Build Two Vessels
Fujian Highton Development's (SHA:603162) wholly owned subsidiary will invest up to 600 million yuan to build two 62,000 deadweight tonnage (DWT) multi-purpose heavy-lift vessels.The shipbuilder is Taizhou Kou'an Shipbuilding, a leading private Chinese shipyard, with delivery scheduled within 12 months, according to a bourse filing on Monday.The investment aims to expand fleet capacity and competitiveness, but faces risks of construction delays.
SHA:603162
