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China shipbuilding industry restructures in share swap merger

June 27, 2025 at 09:49 AM UTC•By FilingReader AI

China Shipbuilding Industry Corporation Limited (SSE:601989) is set to absorb China Heavy Industry via a share exchange, according to revised filings. The move aims to consolidate shipbuilding resources, optimize industrial layout, and eliminate potential conflicts of interest. The transaction will see China Shipbuilding issue A-shares to China Heavy Industry shareholders.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

Primary Source Document

Announcement of China Heavy Industry on the Share Exchange and Absorption Merger of China Shipbuilding Industry Corporation Limited by China Shipbuilding Industry Corporation Limited and the Revision of the Related-party Transaction Report (Draft) (Revised Draft)June 19, 2025 at 08:00 AM UTC

Supplementary Source Documents

Beijing Jiayuan Law Firm's Supplementary Legal Opinion on the Share Exchange and Absorption Merger of China Shipbuilding Industry Corporation Limited and Related Transactions (III)June 19, 2025 at 08:00 AM UTC

China Shipbuilding Industry

SSE:601989•Shanghai Stock Exchange

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