It said China Securities Regulatory Commission (CSRC) has okayed a non-public offering in Hong Kong of 387.4m new shares at HKD 7.29 each to raise HKD 2.8bn ($364m).
These will be issued to China State Shipbuilding Corp (CSSC), Baosteel Resources and China Shipping, who have stakes of 60%, 30% and 10% in Longxue respectively.
GSI agreed to buy the yard for $156m last year.
The
