Sources said that Dalian Shipbuilding Industry Company (DSIC) was secretly acquiring STX Dalian Group. An official from China Shipbuilding Industry Cooperation (CSIC) clarified in an interview that up to Oct.28, DSIC did not acquire STX Dalian Group.

As depression in global shipping industry and setback of its own development, STX Dalian Group under S.Korea STX Group actually was in bankruptcy liquidation. An authoritative source revealed that the actual liabilities of STX Dalian Group were beyond 20 billion RMB, and no company would negotiate the acquiring issue before bankruptcy liquidation.

The official said that according to the reports, besides 20 billion yuan debt, because of several thousand of employee, big losses and unpredictable risks, we considered that few companies in China would like to take over this burden.

Sources from bankers said DSIC was inclined to build shipbuilding base on Changxing Island where STX Dalian Group was set up. If DSIC takes over the facilities of STX Dalian Group, the constructing time and cost will be largely cut down.