On December 16th 2015, the yards Brødrene Aa and Chu Kong Shipping Enterprises signed an agreement on the sale and purchase of 40% of the shares of Brødrene Aa.
Brødrene Aa is situated in Hyen, Norway, and is mainly manufacturing fast commercial passenger vessels built with carbon fiber composite, in the range of 20 to 41 meter. The investment includes a significant private placement of shares in Brødrene Aa, which will give Brødrene Aa very solid financial muscles for future development.
A large market and an increased capacity will strengthen the competitive power of the yards and can optimize the comparative advantages between the yards in the two countries. The cooperation between the parties has already started with the shipbuilding contracts and construction of two 41 meter catamarans built with carbon fiber composite.
Brødrene Aa is situated in Hyen, Norway, and is mainly manufacturing fast commercial passenger vessels built with carbon fiber composite, in the range of 20 to 41 meter. The investment includes a significant private placement of shares in Brødrene Aa, which will give Brødrene Aa very solid financial muscles for future development.
A large market and an increased capacity will strengthen the competitive power of the yards and can optimize the comparative advantages between the yards in the two countries. The cooperation between the parties has already started with the shipbuilding contracts and construction of two 41 meter catamarans built with carbon fiber composite.
Brødrene Aa's passenger vessels built with carbon fiber composite. Illustration: Brødrene Aa
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