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05 Mar
03:13

Asian shipbuilding industry seeks more opportunities through mergers

China, Japan, South Korea and Singapore are all carrying out or planning mergers to enhance their shipbuilding businesses, Kallanish notes. In China, the State-owned Assets Supervision and Administration Commission (SASAC) approved a merger between China State Shipbuilding Company (CSSC) and China Shipbuilding Industry Company (CSIC) in November last year. The two companies will be renamed China Shipbuilding Group (CSG). The new company aims to challenge the …
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