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23 November 2008 The on-line newspaper devoted to the world of transports 00:38 GMT+1



September 20, 2006

China Shipbuilding's second privatization bid fails

By Jessie Ho

State-run China Shipbuilding Corp's second attempt to privatize has failed, after the second round of bidding to sell a majority of its shares did not draw the required number of bidders.

The nation's largest shipbuilder received just two bids, while government regulations stipulate that there must be at least three. The bids came from Taiwan Maritime Transport Ltd (TMT) and a team led by China Steel Corp, Fan Kuang-nan, president of China Shipbuilding, said in a telephone interview yesterday ......
Read more on Taipei Times





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