A long-anticipated strategic merger between two Chinese shipbuilding state-owned enterprises (SOEs), China Shipbuilding Industry Company (CSIC) and China State Shipbuilding Corporation (CSSC), were announced on Monday, July 1. This comes 20 years after they first divided into two companies.
CSIC and CSSC are formulating a restructuring plan for relevant administrative departments, according to announcements from the two companies and six affiliated companies, including China Marine Information...
https://container-news.com/cssc-csic-merge-again-after-20-years/