The Shenzhen-listed company plans to raise up to CNY 1.6bn via issuing 188.68m shares at CNY 8.48 each.
Proceeds will be used for general working capital, the SinoCast news agency reported.
Its orderbook stands at $1.9bn.
Chinese shipbuilder Sainty Marine is plotting a new share issue to generate funds to complete its healthy orderbook.
The Shenzhen-listed company plans to raise up to CNY 1.6bn via issuing 188.68m shares at CNY 8.48 each.
Proceeds will be used for general working capital, the SinoCast news agency reported.
Its orderbook stands at $1.9bn.