HONG KONG, Oct 26 (Reuters) - China Zhongwang Holdings Ltd 1333.HK said on Thursday it had acquired a controlling stake in an Australian all-aluminium superyacht builder, as the Chinese firm aims to expand the application of aluminium in the marine sector.
China Zhongwang, the world's second-largest aluminium extruder, said the purchase of a controlling stake in Perth-based Silver Yachts Ltd would advance the Chinese firm's aluminium deep-processing strategy to the marine sector.
It gave no details on the value of the deal and the size of the stake it held in the Australian shipyard, which designs and builds large-sized, all-aluminum, high-performance superyachts.
In September, China Zhongwang announced that it had bought a controlling stake in a German aluminium extrusion firm that mainly supplies aircraft manufacturers.