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Will the merged CSSC and CSIC secure a major military contract by June 30, 2025?
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China State Shipbuilding Corporation•CSSC•China Shipbuilding Industry Corporation•CSIC•China•Beijing
Resolution / Starting Odds
Yes • 50%
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Official announcements from the Chinese government or defense ministry
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.
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Yes • 50%
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Increase by more than 10% • 25%
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No significant change • 25%
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New CEO appointed • 25%
Existing CEO remains • 25%
Board restructuring • 25%
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Northrop Grumman • 25%
Raytheon Technologies • 25%
Lockheed Martin • 25%
Boeing • 25%
Northrop Grumman • 25%
Raytheon Technologies • 25%
Lockheed Martin • 25%
Boeing • 25%
New submarine • 25%
New aircraft carrier • 25%
Advanced missile system • 25%
Other • 25%