Yangzijiang: Last week, Yangzijiang invested Rmb130m ($28m) for a 23.6% stake in a JV, Shanghai Laurel Ocean Systems Limited (“LOSL”), a company that supplies marine intelligence and ocean information technology to Yangzijiang.
FOllowing the investment, DBSV reckons that the deal could strengthen the bond between these two groups and provide an alternative source of income for Yangzijiang.
The house also hypothesized that the relatively small investment could in the longer run, pave Yangzijiang’s way into the military vessel space, tapping on its new network.
The house keeps its Buy rating with TP of $1.62.
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