Shanghai-listedCSSC Jiangnan is looking at a CNY 170m ($28m) deficit this year, which wouldmark its second successive year in the red.
Sharesin the shipbuilder crashed after the warning, which came alongside the nowfamiliar caution from Shanghai-listed companies that a third successive annualloss will result in them being ejected from the exchange.
OverChristmas, Chinese media reported that both the topaccounting official of China State Shipbuilding Corp (CSSC) and a deputygeneral manager at group shipyard Jiangnan Heavy Industry resigned.
Theywere
