CSSC merger finalized: Shipbuilding giant forged in $2.0bn deal

China CSSC Holdings (SSE:600150) has finalized its share-for-share merger with China Shipbuilding Industry Corporation Limited, a move detailed in a comprehensive independent financial advisory report by CITIC Securities and related announcements. The deal, valued at approximately CNY¥11,515,027,884 or about $2.0 billion, consolidates the two entities into a single shipbuilding behemoth.