Shipbuilding corporation's in china listed unit CSSC Holding and CSSCoffshore and maine plot to bring in major investores to inject about 10.2billion yuan about $1.6billon of capital in 4 shipyards.
Shipyards in china have been suffering among it mate in the world, prolonged downturn in the shipping industry and both companies said the planned capital increases were part of the government extend. A supply side structural reform policy.
Companies in china like: CSSC Holding ltd will bring in investors such as : CPIC property, PICC and china life, to invest at about 5.4billion yuan in shipyards.