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China CSSC Holdings Ltd's Subsidiary to Transfer and Acquire Equity Shares

Monday, 21 Jan 2013 07:00pm EST 

China CSSC Holdings Ltd announced that its wholly owned subsidiary, Shanghai Waigaoqiao Shipbuilding Co., Ltd. (Waigaoqiao Shipbuilding), will transfer a 51% stake in Shanghai Jiangnan Changxing Shipbuilding Co., Ltd (Changxing Shipbuilding). to Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. Waigaoqiao also plans to acquire a 36% stake in a Shanghai-based heavy industry company from Jiangnan Shipyard (Group) Co., Ltd. After that, Waigaoqiao Shipbuilding will still hold a 14% stake in Changxing Shipbuilding. The financial terms of the transactions were not disclosed. 

Company Quote

-0.59 -1.51%
19 Dec 2014