China State Shipbuilding Corporation’s CSSC Holdings and CSSC Offshore & Marine are plotting major new investment with strategic partners.
The two companies plan to increase capital by CNY 10.2bn ($1.6bn) in four yards.
Both companies said the moves were part of the state's “supply-side structural reform policy,” according to Reuters.
China CSSC Holdings is bringing in China Life, CPIC Property and PICC to pump CNY 5.4bn
