No buyers for Sainty Marine’s first round of online auction

Sainty Marine’s bid to sell its assets on Chinese largest online shopping website Taobao has attracted no buyers, after the 24-hour auction period ended yesterday morning. ...

Sainty Marine to auction off assets on Taobao

Financially-troubled Chinese shipbuilder Sainty Marine will hold an auction of its assets on Taobao, China’s ...

Sainty Marine struggles with a deep loss of $816m in 2015

China’s shipbuilder Sainty Marine, which is embarking on a restructuring, has posted a deep loss of RMB5.34bn ($816.19m) in 2015, chalking up two years of consecutive losses. ...

Sainty Marine faces restructuring on court ruling

China’s Nanjing Intermediate People’s Court has ruled to restructure debt-ridden Chinese shipbuilder Sainty Marine. ...

Sainty Marine warns of delisting on continuing losses

Chinese shipbuilder Sainty Marine has warned that it faces a delisting from Shenzhen Stock Exchange, after an anticipated two years of consecutive net losses. ...

Bank of China applies to liquidate Sainty Marine

Sainty Marine has announced that one of its creditors, a Nantong branch of Bank of China, has applied with...

Sainty Marine hung out to dry by parent company

Financially troubled shipyard Sainty Marine has announced that an RMB300m loan it took from its parent Jiangsu...