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
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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