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Asia Pacific Dry Bulk Shipbuilding

Rongsheng Heavy shipbuilding assets sold to Unique Orient

Huarong Energy has concluded the disposal of its shipbuilding business to a bond holder for a token HK$1. The deal comes on the heels of debt-to-equity swap reached between Huarong and its bank creditor to settle Yuan3.1bn in debts

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Huarong says the arrangements will allow it to alleviate its financial burden and focus on its oil production business

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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