Dalian Shipbuilding Industry Co (DSIC) will merge with Bohai Shipbuilding Industry Co in the latest round of internal restructuring at state-owned conglomerate China Shipbuilding Industry Corp (CSIC).
According to an exchange filing, China Shipbuilding Industry Co Ltd (CSICL)—the Shanghai-listed flagship unit of CSIC—will transfer the 100% stake it owns in Bohai Shipbuilding to DSIC.
DSIC is also wholly owned by CSICL.
