The Austal Limited (ASX: ASB) share price could be on the move this morning after the company announced an update on its joint venture program.
At Wednesday’s market close, the shipbuilder’s shares finished the day at $2.45.
What did Austal announce?
In a statement to the ASX, Austal advised it’s in discussions to sell its shareholding in Aulong Shipbuilding Co Ltd.
Established in June 2016, Aulong is a joint venture company focused on pursuing Chinese commercial and non-military vessel opportunities. It’s operated by Austal and Guangdong Jianglong Shipbuilding Company (Jianglong Shipbuilding) of Zhuhai, China. Austal owns a…
Business10 hours ago
What Goldman Sachs is saying about the CSL (ASX:CSL) share price after its R&D update
General18 hours ago
‘Equal Pay for Equal Play’ petition, about more than just prize money for female surfers
General11 hours ago
Experts say it’s time Victoria started talking about using recycled water for drinking
Health23 hours ago
I knew that was going to happen… The truth about premonitions – The Guardian