China lines up shipbuilding mega-merger

Two units of China’s largest shipbuilding conglomerate, China State Shipbuilding Corporation (CSSC), have moved to merge through a share swap deal expected to end competition and create a new global shipbuilding behemoth. CSSC’s Shanghai-listed flagship arm, China CSSC Holdings, plans to absorb and merge with smaller peer China Shipbuilding Industry Corporation (CSIC) by issuing A-shares …

splash247