Rainbow Heavy Industries Subsidiary Signs Contract for Six Live Fish Carriers Worth Approximately 2.8 to 3.3 Billion Yuan
M&A · Partnership
Rainbow Heavy Industries announced that its wholly-owned subsidiary, Rainbow Ocean, has signed a Shipbuilding Contract with a well-known European shipowner to construct and deliver six 4,500-cubic-meter live fish carriers. The total contract value is approximately 2.8 to 3.3 billion yuan. Deliveries will begin in batches starting from the 29th month after the contract takes effect. The company stated that the signing of this contract marks recognition from a top-tier shipowner in the industry, and is expected to have a positive impact on future operating performance, further enhancing the company's competitiveness in the ship and offshore engineering equipment market. The contract still needs to meet conditions such as the buyer's payment of the first installment before it becomes effective, and there is some uncertainty.
