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26 September 2021 The on-line newspaper devoted to the world of transports 06:14 GMT+2

April 12, 2006

State-owned China Shipbuilding to make second attempt to privatize

SHARE SALE: The government will reportedly push China Steel and Yangming Marine Transport to jointly bid for a stake after the first privatization attempt failed last year

By Jessie Ho
Staff Reporter

State-run China Shipbuilding Corp, the nation's largest shipbuilder, plans to hold a second round of bidding to sell a majority of its shares, with the aim of completing its privatization by the end of the year.

"We are confident that the auction will draw enough bidders," Fan Kuang-nan, president of China Shipbuilding, said in a phone interview yesterday ......
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