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CHINA RE (Group) Co., Ltd. has reduced its shareholding in CSSC SHIPPING (03877) by 8.458 million shares at a price of 2.1445 Hong Kong dollars per share.
On July 2, CHINA RE (Group) Co., Ltd. reduced its shareholding in CSSC SHIPPING (03877) by 8.458 million shares at a price of HKD 2.1445 per share, totaling approximately HKD 18.138181 million.
Express News | In the first half of the year, China Resources Dadong's ship repair performance reached a historical high.
Research Reports on mining opportunities丨SWHY Research: Maintain "Buy" rating for China CSSC, restructuring approved by the Shanghai Stock Exchange.
Gelonghui July 7 | SWHY research pointed out that China CSSC recently disclosed an announcement that the absorption and merger of China Shipbuilding Industry, a significant asset restructuring matter, has been approved by the Merger and Restructuring Review Committee of the Shanghai Securities Exchange. After the merger, the capacity could reach 18-33% of global capacity, and the Market Cap range post-merger is estimated to be between 250.4-411 billion yuan. In June, ship prices showed signs of stabilization, and the volume of new ship orders rebounded month-on-month. From the perspective of order volume, in June, the global newly signed orders in deadweight tonnage increased by 180% month-on-month, and by 39% in monetary value. In June, China's newly signed order volume remained at the global leading level, accounting for 70% of the global deadweight tonnage.
China CSSC Plans to Merge With China Shipbuilding Industry; Shares Up 1%
Hong Kong stock fluctuation | Cssc Offshore & Marine Engineering (00317) rose over 3% against the market; the consolidation and merger restructuring plan of China CSSC has been approved, which will promote resource optimization in the Industry.
Cssc Offshore & Marine Engineering (00317) rose over 3% against the market trend, as of the time of writing, it increased by 3.48%, reaching 13.68 Hong Kong dollars, with a transaction volume of 43.7664 million Hong Kong dollars.
Express News | Stocks of China CSSC-related companies are experiencing significant upward movements, with HG Technologies hitting the 20% limit up.