Greater China
GSI increases share issue to purchase Longxue
Guangzhou: Hong Kong-listed Guangzhou Shipyard International is increasing the issue of H shares to raise around RMB2.5bn capital for the purchase of Longxue Shipyard and replenishment of the operating capital. GSI is taking over fellow Guangzhou builder Longxue as parent CSSC looks to consolidate its yard holdings. [22/11/13]