The Hong Kong and Shanghai-listed shipyard raised HKD 2.8bn ($364m) from the sale of 387.4m new shares at HKD 7.29 each, it announced today in a stock exchange filing.
China State Shipbuilding Corp (CSSC), Baosteel Resources and China Shipping have purchased the shares in proportion to their respective 60%, 30% and 10% stakes in Longxue.
The three companies now control 60.25% of the enlarged GSI after the issue.
GSI
