The loss-making shipbuilder said the move was made pending the announcement of a “possible very substantial disposal.”
It did not reveal further details.
Compatriot yard Yangzijiang Shipbuilding confirmed this week it had been approached by the government about buying a stake in Rongsheng.
Rongsheng itself said this week it may explore other cash-raising possibilities after the failure of a $416.5m warrants issue.
The convertible paper sale to an investment company was scrapped after the fund’s owner, Wang Ping, was detained by police in Beijing on matters unrelated to the shipyard.
The
