Shipyard eyes assets
By Ding Yining |
July 17, 2010, Saturday
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Print Edition
Print Edition
CHINA Shipbuilding Industry Co yesterday said it will raise more than 17.3 billion yuan (US$2.5 billion) through a private placement to buy assets from its parent company.
The shipbuilder will issue 2.5 billion new shares at 6.93 yuan each to buy 100 percent each of Dalian Shipbuilding Industry Co, Bohai Shipbuilding Industry Co and Shanhaiguan Shipbuilding Industry Co as well as 95.6 percent of Qingdao Beihai Shipbuilding Industry Co, it said in a statement to Shanghai Stock Exchange.
The shipbuilder will issue 2.5 billion new shares at 6.93 yuan each to buy 100 percent each of Dalian Shipbuilding Industry Co, Bohai Shipbuilding Industry Co and Shanhaiguan Shipbuilding Industry Co as well as 95.6 percent of Qingdao Beihai Shipbuilding Industry Co, it said in a statement to Shanghai Stock Exchange.
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