CSSC merges shipbuilding assets in share swap deal

China CSSC Holdings [SSE:600150] is set to absorb China Shipbuilding Industry Corporation Limited via a share swap, according to an independent financial advisory report by CITIC Securities Co., Ltd. released in June 2025. The transaction, which involves a related-party transaction with China Shipbuilding Industry Corporation Limited, aims to consolidate state-owned shipbuilding assets and enhance the listed company's core competitiveness. The total purchase consideration is set at CNY 37.84 billion