Wison Engineering News

The ship-leasing unit of China’s state-owned shipbuilder China State Shipbuilding Corp. (CSSC) plans to raise as much as HK$2.2 billion ($280 million) in an initial public offering in Hong Kong.CSSC (Hong Kong) Shipping, the leasing company, is issuing 153.4 million shares at an indicative price range of HK$1.34 to HK$1.42. The minimum investment is HK$2,868.62 per lot of 2,000 shares.CSSC (Hong Kong) Shipping owns 100 vessels with a total value of $5.6 billion.According to Caixin, CSSC will remain the largest shareholder of the Hong Kong unit with 75% after the listing.The report said that CSSC (Hong Kong) Shipping has secured four cornerstone investors that subscribed for a combined 1.25 billion shares.The investors are China Reinsurance Corp., China Shipping Container Lines Co.

Wison Engineering Services Co. Ltd., the private sector chemical engineering, procurement and construction management (EPC) service provider, announced that it was designated a constituent of the MSCI Global Small Cap Indices, effective after the close of business on May 31, 2013, according to an announcement by MSCI Inc. on May 15, 2013. Mr. Cui Ying, Senior Vice President of Wison Engineering, said, “We are honored to be included as one of constituents of the MSCI Indices, which are well recognized by global investors.

Wison Offshore & Marine Ltd., a subsidiary of the Wison Group, announced has the award of a contract to supply key modularized components for a major refinery project in Venezuela. The project, known as the Venezuela Puerto La Cruz Refinery Deep Conversion Project, was awarded to Wison Offshore & Marine by Hyundai‐Wison, a consortium of Hyundai Engineering & Construction Co., Ltd. (HDEC), Hyundai Engineering Co., Ltd. (HEC) and Wison Engineering Ltd. (Wison Engineering), following a competitive bid. Procurement and Construction contractor for the project under an Prime Contract with the refinery owner, Petroleos De Venezuela, S.A. (PDVSA).