{"id":14685,"date":"2024-09-06T00:00:00","date_gmt":"2024-09-06T00:00:00","guid":{"rendered":"https:\/\/gruzingeo.com\/cssc-and-csic-announce-largest-merger-in-chinas-shipbuilding-industry\/"},"modified":"2024-09-06T00:00:00","modified_gmt":"2024-09-06T00:00:00","slug":"cssc-and-csic-announce-largest-merger-in-chinas-shipbuilding-industry","status":"publish","type":"post","link":"https:\/\/gruzingeo.com\/ka\/cssc-and-csic-announce-largest-merger-in-chinas-shipbuilding-industry\/","title":{"rendered":"CSSC and CSIC announce largest merger in China\u2019s shipbuilding industry."},"content":{"rendered":"<section class=\"entry-content\">\n<p>China\u2019s two largest shipbuilding concerns, China State Shipbuilding Corporation (CSSC) and China Shipbuilding Industry Corporation (CSIC), have announced a merger in what promises to be the largest deal on the Chinese stock market in a decade.<\/p>\n<p>As part of the agreement, CSSC will absorb CSIC through a share swap, creating a global shipbuilding giant. Both companies are subsidiaries of the state-owned shipbuilding corporation CSSC.<\/p>\n<p>Despite the scale of the deal, control over the companies will remain unchanged. However, the merger is aimed at improving operational efficiency and combining strengths in shipbuilding and shipbuilding equipment.<\/p>\n<\/section>","protected":false},"excerpt":{"rendered":"<p>China\u2019s two largest shipbuilding concerns, China State Shipbuilding Corporation (CSSC) and China Shipbuilding Industry Corporation (CSIC), have announced a merger in what promises to be the largest deal on the Chinese stock market in a decade.<\/p>","protected":false},"author":2,"featured_media":14686,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[38],"tags":[],"class_list":["post-14685","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sea"],"acf":[],"_links":{"self":[{"href":"https:\/\/gruzingeo.com\/ka\/wp-json\/wp\/v2\/posts\/14685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gruzingeo.com\/ka\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gruzingeo.com\/ka\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gruzingeo.com\/ka\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/gruzingeo.com\/ka\/wp-json\/wp\/v2\/comments?post=14685"}],"version-history":[{"count":0,"href":"https:\/\/gruzingeo.com\/ka\/wp-json\/wp\/v2\/posts\/14685\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gruzingeo.com\/ka\/wp-json\/wp\/v2\/media\/14686"}],"wp:attachment":[{"href":"https:\/\/gruzingeo.com\/ka\/wp-json\/wp\/v2\/media?parent=14685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gruzingeo.com\/ka\/wp-json\/wp\/v2\/categories?post=14685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gruzingeo.com\/ka\/wp-json\/wp\/v2\/tags?post=14685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}