China's two shipbuilding giants plan merger

0 Comment(s)Print E-mail Xinhua, July 3, 2019
Adjust font size:

China's two largest shipbuilders are planning for a merger, according to information disclosed Monday by their listed arms.

China Shipbuilding Industry Corporation and China State Shipbuilding Corporation Limited are planning for a strategic reorganization, according to filings disclosed by the two giants' eight listed subsidiaries.

The plan's details are not decided yet and will be subject to approvals from related authorities, the filings said.

Both companies are centrally administered state-owned enterprises (SOE).

China has stepped up SOE reforms in recent years, encouraging industrial mergers to improve operation efficiency and boost competitiveness.

Follow on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from