Singapore Special Report 2011
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Port of Hong Kong Handbook Directory 2010
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Singapore Bunkering Report 2011
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SMM Green Shipping Guide 2011
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Home : News : CSIC’s quiet Shanghai stock debut

CSIC’s quiet Shanghai stock debut

Shanghai: The northern Chinese shipbuilder China Shipbuilding Industry Co made a quiet launch on the Shanghai stock exchange yesterday, reflecting the depressed state of the newbuild market at the moment.
CSIC’s shares rose just 12% to close at RMB8.30, up from the morning launch price of RMB7.38. In total, CSIC raised RMB14.7bn ($2.1bn) from the IPO, valuing the company at about 42 times earnings. [17/12/09]