cvn

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

Filed in archive IPOs on July 28, 2007

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

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

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

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.
 
Share It
RSSrss
Google google
Yahoo! yahoo
Addthis Subscribe using any feed reader!
Bloglines Bloglines
TwitterFollow us on Twitter!
Most Popular   Agreement   Best of   Blogs   Book review   Commodities   Conferences   Did you know   Entrepreneurship   Incubators and Science Parks   Information Sources   Innovation   Internet   IPOs   Law   M&A   Mergers and Acquisitions   Misc   News   Outsourcing   Policy