China Shipbuilding set for major asset restructuring
** China Shipbuilding Industry Corporation Limited (SSE:601989) announced a proposed share exchange merger with China Shipbuilding Heavy Industry, outlining a significant asset restructuring aimed at streamlining operations and bolstering the company’s overall market position. The merger plan, first announced in April 2025, involves China Shipbuilding Industry absorbing China Shipbuilding Heavy Industry through a share exchange, issuing shares to the latter’s shareholders.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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