XINDE MARINE NEWS
SWS acquires 34.97% equity of Shandong Shipping for 4.7 billion yuan Xinde Marine News Sarah Yu 2023-05-30 14:49

[Photo: Shanghai Waigaoqiao Shipbuilding]

On May 26, China State Shipbuilding Corporation announced that its wholly-owned subsidiary Shanghai Waigaoqiao Shipbuilding plans to acquire 34.97% of Shandong Shipping Corporation for 4.7 billion yuan and become its second largest shareholder.
 
Regarding the background of this cooperation, the announcement stated that it will further improve the asset liquidity of Waigaoqiao Shipbuilding and prevent and resolve operational risks.
 
Shandong Shipping issued 2.983 billion additional shares in a non-public offering. Waigaoqiao Shipbuilding subscribed 2.124 billion shares for 4.7 billion yuan, of which 2.124 billion yuan was included in the registered capital, and the remaining 2.576 billion yuan was included in the capital reserve.
 
Shandong Marine Group subscribed 859 million shares for 1.9 billion yuan, of which 859 million yuan was included in the registered capital, and the remaining 1.041 billion yuan was included in the capital reserve.
 
Up to now, Shandong Shipping has a control capacity of about 13 million dwt, and a total control capacity of 99 ships, of which 86 ships have been built and operated, ranking third in China.
 
By Xinde Marine News Sarah Yu


The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.

Please Contact Us at:

media@xindemarine.com


展开全文

Related Posts

Bidding Announcement of "SDTR DORA"

shipbid.net2025-05-09

Ningbo Containerized Freight Index Weekly Commentary: North America Route supply-Demand lmproves Comp

NINGBO SHIPPING EXCHANGE2025-05-07

Ningbo Containerized Freight Index Weekly Commentary: Market Supply and Demand Remain Stable in Gener

宁波航运交易所2025-04-27

Ningbo Containerized Freight Index Weekly Commentary: Insufficient Overall Market Demand Leads to Fre

NINGBO SHIPPING EXCHANGE2025-04-25

Ningbo Containerized Freight Index Weekly Commentary: North America Route Demand Drops,Composite Inde

NINGBO SHIPPING EXCHANGE2025-04-14

Global Chemical Tanker Market: Top Players Accelerate M&A and Newbuilding Amid Aging Fleet and Ti

xinde marine news Chen Yang2025-04-08