On September 18th, China CSSC announced that the company's stocks have been suspended since September 3rd, 2024 due to the planned major asset restructuring. The stocks will resume trading on September 19th, 2024. This major asset restructuring involves China CSSC issuing A-shares to all shareholders of China Shipbuilding Industry through stock swaps, absorbing and merging China Shipbuilding Industry, forming related-party transactions, without causing a change in the actual controller.
中国船舶：拟换股吸收合并中国重工 明日起复牌
China CSSC: Intends to exchange shares to absorb and merge China Shipbuilding Industry. Trading will resume from tomorrow.
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