China Shipbuilding Industry Co Ltd plans to raise up to 12.5 billion yuan ($A11.8 billion) by selling new shares to a select group of investors, the company said.
China Shipbuilding will issue up to one billion yuan-denominated A-shares in the Shanghai share sale, it said in a statement with the Shanghai Stock Exchange. Trading in China Shipbuilding shares had been suspended since March 18. The stock was last traded at 13.19 yuan a share.
China Shipbuilding will issue up to one billion yuan-denominated A-shares in the Shanghai share sale, it said in a statement with the Shanghai Stock Exchange. Trading in China Shipbuilding shares had been suspended since March 18. The stock was last traded at 13.19 yuan a share.