China Shipbuilding Industry Corp (CSIC) Looks To Float IPO in Shanghai in December

Filed in archive IPOs by Greg Cruey on July 28, 2007

We reported in June about China's largest shipping firm, COSCO, and the IPO they floated in Shanghai at the end of June. Now one of the China's leading shipbuilding groups, China Shipbuilding Industry Corp. (CSIC), is looking at an IPO offering later this year According to the China Daily News.

Before the IPO, CSIC plans to merge its 16 separate subsidiaries into an integrated company. CSIC has been around since 1999. It owns some of China's biggest shipyards and some of the largest manufacturers of ship engines in China.

The company is headquartered in Beijing. The China Daily reported that CSIC is planning a to raise roughly between $800 and $900 million through the sale of Yuan denominated A-shares on the Shanghai Stock Exchange in December of this year.

China hopes to become the world's largest shipbuilder by 2010. CSIC is looking to expand its shipbuilding capacity to help achieve this goal.

Related Entries:

News Corp. to Buy Intermix for $580 million - 21 July 2005
Venture Investments Boost China Biotech Industry - 22 August 2005
China Inc. to Bolster Domestic Venture Capital Industry - 28 November 2005
News Corp to acquire Photobucket.com - 08 May 2007
Faced With Huge Losses at Home, Morgan Stanley Sells Stake t... - 19 December 2007
China: A Golf Giant in Waiting - 21 January 2008
China Investment Corp's Gao Xiqing Promises "Transpare... - 07 April 2008

« Foreign Investment Up in ... | Main | Gandalf and Frodo Going t... »

Permalink: China Shipbuilding Industry Corp (CSIC) Looks To Float IPO in Shanghai in December

Tags: China Shipbuilding Industry Corp CSIC IPO china industry+corp

Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/81035

Addthis

Ask

Blinklist

del.icio.us

Digg

Fark

Facebook

Google

Lycos

Ma.gnolia

Mr Wong

Netscape

Netvousz

Newsvine

StumbleUpon

Slashdot

Tailrank

Technorati

Wink

Yahoo

Vote for China Shipbuilding Industry Corp (CSIC) Looks To Float IPO in Shanghai in December:

Currently 9.00/10
1
2
3
4
5
6
7
8
9
10

Rating: 9.00 out of 2 vote(s) cast.

Response from: Matt (08/06/07 10:08am)

China Shipbuilding Corporation possible IPO later this year on Shanghai Stock Exchange

Add your response to China Shipbuilding Industry Corp (CSIC) Looks To Float IPO in Shanghai in December:

Name: *

Email: (will never be shown)*

URL:

(* marked fields are required)

Notify me if more comments appear?

Subscribe to China Venture News newsletter? (Newsletters are sent out weekly).

Remember me

Security Code: *
(Please help us to sort out spam.)

Please enter your comment here: (Sorry, no HTML is allowed - URLs will be made clickable automatically if you add http:// to your URL.)

We welcome your comments, however all comments are moderated. Offensive or off-topic comments will be deleted and not displayed.

Share It

Use the search to look for other interesting posts

Contributors (Last 90 days)

Donald Greg (3)
Greg Cruey (10)
Creative Weblogging (4)

This site has 538 entries and is powered by Creative Weblogging since July 2005.

ChinaVentureNews seeks news contributions

If you are an analyst, tech company, private equity firm, service provider or entrepreneur with news to share related to China venture capital send us your relevant news release.

CVN will post it to our site. We reserve the right to edit the copy because of space limitations, and to make summaries of the release when appropriate-- although a full copy of the release will always be linked to.

Thank you!

Please simply use our form here.