Guangzhou Shipyard eyes H-share sale, acquisition

Amid a tough environment for the shipbuilding industry, Guangzhou Shipyard plans to use part of the proceeds to buy another shipbuilder.
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A semi-submersible ship built by Guangzhou Shipyard
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<div style="text-align: left;"> A semi-submersible ship built by Guangzhou Shipyard </div>

Guangzhou Shipyard International, an integrated shipbuilding company that is listed both in Hong Kong and Shanghai, is considering a private placement of new H-shares and a possible acquisition of a shipbuilder that is majority-owned by its parent, China State Shipbuilding Corp (CSSC).

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