Shanghai-listed CSIC to transfer ownership of two engine units to parent firm

Shanghai-listed CSIC Ltd, a unit of China Shipbuilding Industry Corp (CSIC), will transfer its 100% stake in two engine manfacturing subsidiaries to its parent for RMB589.1m ($90.1m), as part of the group’s assets restructuring. ...

Cosco, China Shipping continue to suspend trading on Shanghai-listed units

China’s two leading shipping conglomerates, Cosco Group and China Shipping Group (CSG), have announced last Friday that the shares trading for their Shanghai-listed units will continue to be suspended, pending a major announcement. ...