CSSC and CSIC Pause Trading as Shipbuilding Mega-Merger Nears Finale

CSSC and CSIC Pause Trading as Shipbuilding Mega-Merger Nears Finale

China's two state shipbuilding giants are moving ahead with the maritime mega-merger of the century. CSSC and CSIC, once one entity, have halted trading in their respective shares in anticipation of becoming one combined company, CSSC.  The much-anticipated merger has been a long time developing, and it brings CSSC full-circle. The company spun off CSIC as a separate entity in 1999, giving the newly-formed firm control of government-owned yards …