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Equity Bottom-Up

China CSSC Holdings Ltd A / Equity Bottom-Up

<ul><li><strong>China State Shipbuilding Corp. Ltd. (CSSC) </strong>and <strong>China Shipbuilding Industry Corp. (CSIC) </strong>on Wednesday announced a stock exchange proposal in their merger deal.</li><li>Analysts said the proposed exchange terms are not favorable for shareholders of China Shipbuilding Industry.</li><li>The two largest state-owned shipbuilding conglomerates determined the exchange ratio at 0.1335 shares of CSSC for each share of CSIC.</li></ul>

China State Shipbuilding Corp. Ltd. (CSSC) and China Shipbuilding Industry Corp. (CSIC) on Wednesday announced a stock exchange proposal in their merger deal.Analysts said the proposed exchange terms are not favorable for shareholders of China Shipbuilding Industry.The two largest state-owned shipbuilding conglomerates determined the exchange ratio at 0.1335 shares of CSSC for each share of CSIC.

China’s Two Largest Shipbuilders Set Stock Swap Terms For $38 Billion Merger 