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China Shipbuilding Industry Co Ltd Announces Private Placement Plan; to Acquire Assets


Tuesday, 10 Sep 2013 08:00pm EDT 

China Shipbuilding Industry Co Ltd announced that it will issue up to 2,208 million A shares of common stock with par value of RMB 1 per share at not less than RMB 3.84 per share in private placement. The Company aims to raise up to RMB 8,480 million through the issuance. The Company will use RMB 3,274.75 million of the proceeds to acquire military assembly business and assets, including 100% stake in several companies, from two ship group. 

Company Quote

5.08
-0.01 -0.20%
2:57am EDT