Coastal Ports News
- China Shipbuilding eyes listing
Date: 4-Sep-2007 Sources: (Shenzhen Daily)
CHINA Shipbuilding Industry Corp. (CSIC), the country's second-biggest shipbuilder, is considering launching a domestic initial public offering (IPO) to raise up to US$928 million, the Shanghai Securities News reported yesterday.
CSIC, which controls Dalian Shipbuilding Industry Corp. and some other domestic shipyards, will fold 16 units into one listing vehicle and float it either in Shanghai or Shenzhen, the newspaper said, citing unnamed sources. CSIC could raise between 6 billion yuan to 7 billion yuan (US$795-US$928 million) by issuing 1.6 billion domestic A shares, the paper said.
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