Unveiling China Shipbuilding Industry Corporation

While corporate governance and transparency have much room for improvement in China, we do applaud the concerted efforts state-owned companies make whenever they plan to raise public money. China Shipbuilding Industry Corporation’s latest public offering gives us an excellent opportunity to take a closer look behind the façade of one of China’s most established shipbuilding groups at a time when China’s shipbuilders will play a key in the future of our industry.

As early as 2007 when the global shipbuilding industry was arguably at its peak, China Shipbuilding Industry Corporation (“CSIC Group”) started preparations for a listing in Shanghai, but the process of restructuring turned out to be quite a challenge on its own. The listed entity was eventually determined to be the newly incorporated China Shipbuilding Industry Company Limited (“CSIC”) and is owned by CSIC Group (97.21%), state-controlled steel maker Angang Steel Company Limited (2.15%) and state-owned China Aerospace Science and Technology Corporation (0.64%).

This is only an excerpt of Unveiling China Shipbuilding Industry Corporation

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.

Existing Users Login
Username
Password

Related Archive Files

• No Related Post