Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Green light for CSIC's Shanghai listing

Green light for CSIC's Shanghai listing

Shanghai: The China Securities Regulatory Commission has given the thumbs up to China Shipbuilding Industry Corp (CSIC)'s plans to list in Shanghai. The northern state run yard conglomerate will sell nearly 2bn shares, equivalent to 30% of its share capital, in a public offer that could raise up to Yuan6.4bn ($947m). This is the latest cash raising exercise for the fast expanding group which last December released Yuan3bn of medium-term notes, and last September it also sold Yuan 3.5bn of bonds.  [28/07/09]

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish