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Chinese shipyard setting up new entity along with local government as they hunt business opportunities 30 June 2021 4:35 GMT Updated  30 June 2021 4:35 GMT in  Singapore Chinese shipyard CIMC Raffles has teamed up with local authorities in its home city of Yantai to consolidate their activities in the offshore engineering and fish farming industries. The pair on Wednesday agreed to form a new entity incorporating CIMC Raffles s assets and in which the Yantai government-owned Yantai Guofeng Investment Holding Group will invest 835 million yuan ($130 million) in return for a 16.7% stake. Are you missing out on ACCELERATE? Gain valuable insight into the global oil and gas industry s energy transition from ACCELERATE, the free weekly newsletter from Upstream and Recharge.

Gao xiangEngineering research instituteYantai guofeng investment holding groupYantai yeda economic development groupYantai marine protein groupYantai changdao tourism groupRaffles offshore technology groupChina international marine containersOffshore technology groupYantai guofengYantai changdao tourismகொ கிஷியாங்பொறியியல் ஆராய்ச்சி நிறுவனம்சீனா சர்வதேச கடல் கொள்கலன்கள்