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China Zhongwang buys majority stake in SilverYachts

China Zhongwang buys majority stake in SilverYachts

Aluminium exporting giant China Zhongwang has acquired a controlling stake in SilverYachts, a Perth-based shipyard that produces all-aluminium superyachts. The acquisition was announced in a filing to the Hong Kong Stock exchange yesterday. China Zhongwang, the second largest aluminium extrusion

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