Loading...
Market
Will CSSC and CSIC complete their merger by the end of 2024?
3
China State Shipbuilding Corporation•CSSC•China Shipbuilding Industry Corporation•CSIC•Chinese•Beijing•China•CSSC Holdings
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from CSSC, CSIC, or Chinese government publications
Story
Chinese State Shipbuilders CSSC and CSIC Announce USD38 Billion Merger to Form World's Largest Shipbuilder
Sep 3, 2024, 09:20 AM
China State Shipbuilding Corporation (CSSC) and China Shipbuilding Industry Corporation (CSIC), two Chinese state-owned conglomerates, announced their merger to form the world's largest shipbuilder. The combined market cap of the entities is nearly CNY270 billion (USD38 billion). The merger aims to align with Beijing's strategy and focus on building a 'strong military.' Trading for both companies was suspended following the announcement. The merger will be executed through a share swap, and it is expected to solidify China's position as the world's largest shipbuilding country amid rising protectionism. CSSC Holdings announced the plan on Monday.
View original story
Similar markets
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Above CNY 300 billion • 25%
CNY 270-300 billion • 25%
CNY 240-270 billion • 25%
Below CNY 240 billion • 25%
Above CNY 120 billion • 25%
CNY 100-120 billion • 25%
CNY 80-100 billion • 25%
Below CNY 80 billion • 25%
From a European company • 25%
From an Asian company (excluding China) • 25%
From a North American company • 25%
From another region or no major contract • 25%
