SUMEC Taking Over Dayang Shipbuilding



SUMEC Group, a machinery manufacturer based in Jiangsu, is going to take over bankrupt Yangzhou Dayang Shipbuilding via a new joint venture company.

Sources tell Splash that a new company called Yangzhou Binjiang Shipbuilding will take over Dayang Shipbuilding through a restructuring and Chen Herong, former general manager of Dayang Shipbuilding, has been appointed deputy general manager of Binjiang Shipbuilding.

According to the company registration files, Yangzhou Binjiang Shipbuilding was established this month and it is jointly owned by SUMEC Group and Yangzhou Bincheng Investment.


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