Guangzhou to Purchase Shipyard

Wednesday, July 02, 2008

Guangzhou Shipyard International Co reportedly plans a rights issue to fund the purchase of a shipyard for up to $452 m from its state-owned parent company,accoording to a Reuters report. Guangzhou Shipyard will offer three shares for every 10 shares held by owners of its Hong Kong-listed H shares and Shanghai-listed A shares, at a price of no less than 4.96 yuan per share, the company reportedly said in a statement.

China State Shipbuilding Corp (CSSC), the company's parent firm, has put its Guangzhou-based Wenchong Shipyard up for sale on the Beijing Equity Exchange.

(Reuters)

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Robert Allen Designed Tug Launched in Italy

Rimorchiatori Riuniti bolsters Porto di Genova fleet with another Robert Allan Ltd. designed tug Rimorchiatori Riuniti currently operates five Robert Allan Ltd.

Video: Submarine John Warner Launched for Testing

Huntington Ingalls Industries (HII) launched the Virginia-class submarine John Warner (SSN 785) into the James River on September 10 at the company's Newport News Shipbuilding division,

URAG Orders Two ASD Tugs from Damen

URAG, a German port and offshore towage provider based in Bremerhaven, has placed an order for two Damen ASD 2411 tugs. The contract was signed at the SMM exhibition in Hamburg.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Pipelines Pod Propulsion Port Authority Salvage Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1551 sec (6 req/sec)