Greater China
Rongsheng denies private placement
Hong Kong: China Rongsheng Heavy Industries Group denies the planning of a private placement of new shares in the company to one or a group of new investors to raise US$200m.
The Hong Kong-listed company is China’s largest private yard and has struggled to get many orders recently, although it has now turned its attention in a big way to offshore, something it sees as a growth area. [26/02/13]