Reborn Chinese shipbuilder Hengli Heavy Industry will list on the Shanghai Stock Exchange through a reverse takeover.
The former STX Dalian Shipbuilding will take over the listing of Hengli Group company Guangdong Songfa Ceramics.
The group was founded in Suzhou as a weaving factory in 1994 by husband and wife Chen Jianhua and Fan Hongwei, who remain as chairman and vice chairwoman.
