The Hong Kong and Shanghai-listed shipbuilder revealed last week it had formally agreed the purchase of CSSC’s Longxue Shipyard backedby a HKD 2.8bn ($360m) equity fundraiser.
On the Hong Kong Stock Exchange (HKSE) shares rose for the fifthconsecutive day to HKD 9.91, the highest level seen in 2013.
Shares are up by nearly 30% from HKD 7.70 each when theannouncement was made on 1 October.
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