China says shipbuilding mega merger faces fewer antitrust hurdles
Newly formed CSSC group expects ‘no problem’ obtaining regulatory approvals from foreign competition authorities, says a senior executive. The Chinese state shipbuilding giant is soon to embellish its establishment by penning more than $4bn of new orders during the Marintec China event in Shanghai this week
CSSC’s international department director Li Yanqing says the shipbuilding market will bottom out soon. The state-owned giant is poised to unveil new products, including a zero-emission large containership, and new orders worth more than $4bn
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