China’s two shipbuilding giants to merge-Shanghai Metals Market

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China’s two shipbuilding giants to merge

Company News 12:11:07PM Jul 02, 2019 Source:SMM

SHANGHAI, Jul 2 (SMM) – Two state-owned shipbuilders are planning to merge, their listed arms said in separate exchange filings on Monday July 1.

The long-rumoured merger between China Shipbuilding Industry Corp (CSIC) and China State Shipbuilding Corp Ltd (CSSC), is still subject to approvals from related authorities and a detailed plan for the strategic restructuring has yet to be finalised, according to the filings.

Key Words:  Shipbuilding 

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China’s two shipbuilding giants to merge

Company News 12:11:07PM Jul 02, 2019 Source:SMM

SHANGHAI, Jul 2 (SMM) – Two state-owned shipbuilders are planning to merge, their listed arms said in separate exchange filings on Monday July 1.

The long-rumoured merger between China Shipbuilding Industry Corp (CSIC) and China State Shipbuilding Corp Ltd (CSSC), is still subject to approvals from related authorities and a detailed plan for the strategic restructuring has yet to be finalised, according to the filings.

Key Words:  Shipbuilding