Loading...
Market
What will be the market cap of the merged CSSC and CSIC by the end of 2024?
3
China State Shipbuilding Corporation•CSSC•China Shipbuilding Industry Corporation•CSIC•China•Beijing
Resolution / Starting Odds
Above CNY 300 billion • 25%
CNY 270-300 billion • 25%
CNY 240-270 billion • 25%
Below CNY 240 billion • 25%
Stock market data and financial news reports
Story
China's CSSC and CSIC Merge to Form World's Largest Shipbuilder with CNY270 Billion Market Cap
Sep 5, 2024, 05:34 PM
China State Shipbuilding Corporation (CSSC) and China Shipbuilding Industry Corporation (CSIC), two of China's largest state-owned shipbuilders, announced a merger to form the world's largest shipbuilder. The combined entity will have a market cap of nearly CNY270 billion (USD38 billion), total assets of nearly 400 billion yuan (USD56 billion), and annual sales of over 100 billion yuan. The merger, executed through a share swap, aims to reduce competition, better serve the military, and address global vessel shortages. This consolidation is part of Beijing's strategy to strengthen its shipbuilding industry amid rising protectionism.
View original story
Similar markets
Increase by more than 10% • 25%
Increase by 1-10% • 25%
No significant change • 25%
Decrease • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Increase by more than 5% • 25%
Increase by 1-5% • 25%
No significant change • 25%
Decrease • 25%
New CEO appointed • 25%
Existing CEO remains • 25%
Board restructuring • 25%
No significant changes • 25%
Below $15 billion • 25%
$15-$25 billion • 25%
$25-$35 billion • 25%
Above $35 billion • 25%
Below $400 billion • 25%
$400 billion - $500 billion • 25%
$500 billion - $600 billion • 25%
Above $600 billion • 25%
ByteDance • 25%
Tencent • 25%
Alibaba • 25%
Other • 25%
Yes • 50%
No • 50%
Less than 1 trillion won • 25%
1-1.5 trillion won • 25%
1.5-2 trillion won • 25%
More than 2 trillion won • 25%
Less than $5 million • 25%
$5 million to $10 million • 25%
$10 million to $20 million • 25%
More than $20 million • 25%