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Major Chinese shipyard needs outside help

China's Guangzhou Shipyard International, which counts Danish Norden as one of its major customers, is performing a material transaction, informs the company after trade of the company's shares has been suspended since Monday.
Photo: Hempel
Photo: Hempel
BY OLE ANDERSEN

China's Guangzhou Shipyard International, which counts Danish D/S Norden among its customers, will have to go through a material transaction, said the yard on Thursday, following the suspension of trading the yard's shares on the Hong Kong and Shanghai stock exchanges since Monday, citing an imminent event.

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