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Guangzhou Shipyard International Co Ltd to Issue H Common Shares; to Acquire Equity Shares


Monday, 30 Sep 2013 08:00pm EDT 

Guangzhou Shipyard International Co Ltd announced that it will issue 3,874,537.97 million H common shares with a par value of RMB 1 per share and issue price of HKD 7.29 per share, to raise HKD 2,824,538,180.13 in total, to a Hong Kong-based wholly owned subsidiary of China State Shipbuilding Corporation, China Shipping (H.K.) Holdings Co., Ltd. and a wholly owned subsidiary of Baosteel Group Corporation Limited. In addition, the Company will use RMB 955.9649 million to acquire a 100% stake in a Guangzhou-based ship building company from China State Shipbuilding Corporation, China Shipping (Group) Company and Baosteel Group Corporation. 

Company Quote

13.728
0.0 +0.00%
4 Apr 2014