China Shipbuilding Industry Co, the country's biggest ship equipment producer, said on Wednesday it would launch an initial public stock offering as it needs 6.4 billion yuan ($937 million) to expand capacity to produce equipment such as ship engines.
China Shipbuilding plans to issue up to 2 billion A shares denominated in yuan, or up to 30 percent of its expanded share capital after the IPO, for a listing on the Shanghai Stock Exchange, it said in a share issue prospectus published in the official Shanghai Securities News.
China Shipbuilding plans to issue up to 2 billion A shares denominated in yuan, or up to 30 percent of its expanded share capital after the IPO, for a listing on the Shanghai Stock Exchange, it said in a share issue prospectus published in the official Shanghai Securities News.