Yangzijiang Gains on Plan for New Shipbuilding Base in China

By MarketWatch | Jul 16, 2024 at 12:41 AM EST

Yangzijiang Shipbuilding's stock surged on plans to invest over US$410 million in a clean-energy ship manufacturing base near Shanghai. With year-to-date gains at 65%, the company aims to build a new facility in Jiangsu province, signaling confidence in its future growth prospects.

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