(Yicai Global) July 2 -- Shares related to China's two biggest ship makers, China Shipbuilding Industry and China State Shipbuilding, rose after the pair yesterday announced their plan to merge.
China Shipbuilding Industry [SHA:601989] advanced 6.7 percent this morning. China CSSC Holdings [SHA:600150] climbed 5.9 percent. CSSC Science & Technology [SHA:600072] edged up 6.9 percent. CSSC Offshore & Marine Engineering Group [SHA:600685] rose 5.7 percent.
The Beijing-based parents hold assets worth over CNY100 billion (USD14.6 billion).
Editor: Emmi Laine