China shipbuilding merger approved by Shanghai Stock Exchange

China Shipbuilding Industry announced that its proposed merger with China State Shipbuilding Corporation, including related-party transactions, has been approved by the Shanghai Stock Exchange's (SSE) Merger and Acquisition Reorganization Examination Committee. The planned merger will see China State Shipbuilding Corporation absorb China State Shipbuilding Industry through an A-share stock swap. The SSE committee reviewed the application on July 4, 2025, at its 8th meeting of the year, concluding that the transaction meets the requirements for a reorganization and information disclosure. The deal still requires registration with the China Securities Regulatory Commission (CSRC) and other necessary approvals. China Shipbuilding Industry cautions that uncertainties remain and advises investors to monitor future announcements.