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China Shipbuilding Industry Group Power Plans to Buy 16.5% Stake in CSSC Diesel Engine; Shares Up 10%
Express News | Nearly 20 A-share listed companies disclosed the latest M&A restructuring announcements this week. Western Securities intends to acquire 64.6% stake in Guorong Securities for 3.825 billion yuan.
Express News | China Shipbuilding Industry Group Power announced that the company plans to purchase 16.5136% equity of CSSC Diesel Engine Co., Ltd. held by China CSSC Industrial Conglomerates Limited by issuing convertible bonds and paying cash, and to issue convertible
Sinolink: The merger of "NanBei Ship" enhances the leading competitiveness of the industry, with great potential for valuation expansion in the future.
As of October 24th, the global shipbuilding order backlog reached 0.149 billion CGT, with china cssc and china shipbuilding industry accounting for 12.59 million CGT and 5.51 million CGT respectively, representing 8.45% and 3.7% of the global market share, totaling 12.15%.
Express News | Fangzheng Securities: downgraded china shipbuilding industry group power rating to neutral.
Express News | China Shipbuilding Industry Group Power: intends to acquire 16.51% equity of China Ship Diesel Engine, stocks continue to be suspended from trading.
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