CIMC Begins Full Acquisition of Yantai Raffles

China International Marine Containers Group (“CIMC”) has appointed Goldman Sachs (Singapore) for the full acquisition of Singapore’s Yantai Raffles Shipyard (“Yantai Raffles”). This move by CIMC comes as the next step in its bid to takeover the remaining Yantai Raffles’ shares, of which CIMC already owns 18.27% through its wholly owned subsidiaries CIMC HK and Sharp Vision Holdings.

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