China Shipbuilding Industry Group Power plans asset acquisition

China Shipbuilding Industry Group Power (SSE:600482) plans to issue convertible corporate bonds and pay cash to acquire a 16.5136% stake in China Shipbuilding Diesel Engine Co., Ltd. from its parent, China Shipbuilding Industry Corporation, funding the acquisition via a private placement. Beijing Jiayuan Law Firm conducted a special review into the matter, finding that there was not any insider trading going on during the six months prior to the announcement. The opinion was released to the Board of Directors May 22nd, 2025.