Chinese money continues to be attracted to the world of superyachts.
Little by little the Chinese yuan, also known as Renminbi is the currency supporting the industry where both Sunseeker and Feretti have been significant beneficiaries.
Not all deals go through and just recently the Diamond Living Private Investment Fund, managed out of Hong Kong decided against investing in the Turkish superyacht builder Sunrise Yachts.
Other firms are luckier when seeking Renminbi backing.
The Lai Sun Development Company Limited, a member of Hong Kong based Lai Sun Group, has recently signed an agreement to invest in the equity of Camper & Nicholsons International.
The objective of the investment is to reinforce the company’s capital, position the company for accelerated global growth, including the creation of a platform for Camper & Nicholsons expansion throughout Asia.
Fincantieri S.p.A. and the 1782 Group will continue to maintain their shareholding and have been actively strengthening the management team with the most experienced professionals in the industry.
The Board of Directors welcome on board Peter Lam as Chairman with Paolo Casani stayting on as Managing Director.
Gualtiero Giori, will continue to support Camper & Nicholsons to ensure the company’s ongoing strategic plans are fully realised.