October 25, China Zhongwang announced the completion of its acquisition of a majority stake in SilverYachts, an Australia-based all-aluminum superyacht builder, a strategic move to expand aluminum application in the high-end marine sector.

Source: https://www.ft.com/content/2bde968f-8ff1-31ab-903c-0e70bf9d6b6d?mhq5j=e7

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