China Ship­build­ing to raise up to 3.9b yuan

China Daily (Canada) - - BUSINESS -

China Ship­build­ing In­dus­try Co plans to raise as much as 3.9 bil­lion yuan ($587 mil­lion) through a pri­vate share sale to re­duce debt. The com­pany in­tends to sell 718 mil­lion shares at 5.43 yuan each to its par­ent, China Ship­build­ing In­dus­try Corp, and two wholly

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