China approves HHI-DSME merger plan
Chinese regulators recently informed the South Korean builders that the merger proposal does not breach its antitrust laws, according to a Yonhap report. The merger would create the world's largest shipbuilder by orderbook size
The Chinese competition authority has joined its peers in Singapore and Kazakhstan to approve the takeover plan, which will create the world’s largest shipbuilding group by orderbook size. Japan and the EU, however, have yet to make their decisions