The shipowning arm of state-owned China State Shipbuilding Corporation (CSSC) said it will issue 1.534 billion new shares.
According to the company’s filing, the shares are expected to be priced at HKD 1.34 – HKD 1.42 per share. The final price would be confirmed in early June.
CSSC (Hong Kong) Shipping added that 90% of the shares would be offered globally, while the remaining 10% would be a Hong Kong public offering.
