Dalian Shipbuilding Industry Company (DSIC) is planning to purchase STX Dalian and become its potential take-over comapany. It is said that Dalian Municipal Government and STX Group with STX Dalian’s creditor bank have taken several meetings about integration trade of STX Dalian, but the specific plan has not come out yet.

Dalian Finance Development Bureau is coordinating the discussion while Dalian Municipal Government has set up a team of shipbuilding and legal experts to research the restructure possibility.

One banker said DSIC is planning to move to Changxing Island. If it takes over the facilities of STX Dalian, it will help largely reduce the relocating cost and shorten the relocating time. But he also said that the biggest obstacle for restructure is the huge debt from STX Dalian.