Media: China's two largest yards pressured to merger
The Chinese government is encouraging the country's two largest yards to consider a merger, due to the poor conditions for China's shipping yard industry, reports the Financial Times.
BY LOUISE VOGDRUP-SCHMIDT
The merger has become a topic of interest for China's two largest yards - China Rongsheng Heavy Industries and Yangzijiang Shipbuilding - which are listed on the exchange in Singapore. The latter has been encouraged by Chinese authorities to purchase shares in Rongsheng.
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