Hong Kong-listed GSI has been in the midst of a significant assets restructuring for several months and today revealed details on the purchase of Huangpu Wenchong Shipbuilding and Yangzhou Kejin.

GSI tells investors the deals, which run to CNY 5.50bn ($898m) in total, will be settled in cash and shares.

The shipbuilder is paying CNY 4.527bn for Huangpu Wenchong, which will be funded via a CNY 679.99m