Singapore-listed Yangzijiang Shipbuilding is diversifying into new technologies investment.
It said its subsidiary Jiangsu New Yangzi Shipbuilding acquired 25% of Jiangsu Sushang Joint Industry Investment Partnership for CNY 700m ($110.62m).
Sushang invests in stocks and convertible bonds in sectors like electronic components, intelligent hardware, the internet, big data, artificial intelligence, financial technology and high-end manufacture.
It has an investment horizon of six years.
