Shipbuilding merger receives Shanghai Exchange committee approval

China CSSC Holdings (SSE:600150) announced that its proposed merger with China Shipbuilding Industry Corporation Limited has been approved by the Shanghai Stock Exchange's Merger and Acquisition Review Committee on July 4, 2025. The merger will involve China CSSC Holdings issuing A-shares to swap for all the shares of China Shipbuilding Industry Corporation. According to the announcement, the committee found the transaction to be in compliance with restructuring conditions and information disclosure requirements. The deal is still pending registration with the China Securities Regulatory Commission and subject to other necessary approvals under applicable laws and regulations. The company cautioned that the implementation remains uncertain and advised investors to refer to the company's website (www.sse.com.cn) and other designated information disclosure media for updated information.