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12 November 2019 The on-line newspaper devoted to the world of transports 11:19 GMT+1

July 2, 2019

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Confirmed the project of fusion of two main navalmeccanici groups Chinese CSSC and CSIC

China CSSC Holdings has announced

Today officially it is confirmed that the two main Chinese navalmeccanici groups Lower Are Shipbuilding Corporation (CSSC) and Lower Shipbuilding Industry Corporation (CSIC) have in course a fusion project. With an announcement to the Stock exchange of Shanghai, in fact, China CSSC Holdings Ltd., society of group CSSC, have announced that the shareholder of control CSSC is programming a plan of strategic restructure with the CSIC, plan that is not still compiutamente defined and that it will have to be approved of from the competent authorities.

CSSC and CSIC are constituted both on July 1°, 1999 on initiative of the government of Beijing that is decided to group the greater activities in the field of shipbuilding the naval civilian and soldier under the two new groups publics.

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