Offshore investment for CIMC Enric

CIMC Enric has entered into a memorandum of understanding with Jiangsu Pacific Shipbuilding Group and SOEG, under which the company intends to buy 63 percent equity in Nantong Sinopacific Offshore & Engineering.

CIMC Enric

The company also signed a MOU with Evergreen Group for the acquisition of the remaining 37 percent equity interest in Nantong Sinopacific.

CIMC Enric says the acquisition is in line with the company’s development strategy to expand in the industry chain for natural gas equipment and services and the acquisition will help the company build its integrated capabilities for purification, liquefaction, storage and transport of natural gas both onshore and offshore.