Guangzhou Shipyard eyes H-share sale, acquisition

Amid a tough environment for the shipbuilding industry, Guangzhou Shipyard plans to use part of the proceeds to buy another shipbuilder.
<div style="text-align: left;">
A semi-submersible ship built by Guangzhou Shipyard
</div>
<div style="text-align: left;"> A semi-submersible ship built by Guangzhou Shipyard </div>

Guangzhou Shipyard International, an integrated shipbuilding company that is listed both in Hong Kong and Shanghai, is considering a private placement of new H-shares and a possible acquisition of a shipbuilder that is majority-owned by its parent, China State Shipbuilding Corp (CSSC).

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media