Industry sources say the Nanjing-based trading company plans to get into the shipbuilding business by taking over Dayang, one of the two shipyards under Sinopacific Shipbuilding Group (SSG).
Talks have been ongoing for some time, according to one source.
SSG boss Simon Liang (Liang Xiaolei) confirms Sumec’s interests in the Yangzhou shipyard, adding that any new investors will give the company a new lease of life.
“This
