Establishes JV to provide marine electrical systems. Yangzijiang Shipbuilding (YZJ) recently announced that its subsidiary has entered into an agreement with four other companies to establish a joint venture company that will provide marine electrical systems for shipbuilding of commercial vessels and marine engineering projects. The JV will develop, produce and sell marine electronic products, besides providing technical consultation and services to the marine industry. We are positive on this latest development as YZJ is likely to have an edge over competitors should this JV be successful in providing high quality marine electrical systems to customers. The JV may also enable YZJ to tap on Highlander's clientele. Finally, this may also provide an alternative source of income from marine electrical systems.
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