Chinese heavy industry reorganization approved by National Defense Authority

China Heavy Industry Bulletin, the company received the holding shareholder in the ship heavy Labor transferred to the National Defense Science and Technology Industry Bureau documents, the company Non-public issue A shares acquisition Dalian Shipbuilding Plant Group Co., Ltd. and Wuchang Shipyard Group Co., Ltd. military major equipment assembly business and assets, has been the National defense science and technology industry authorities agreed. Ping An securities researcher Lu Zhou that the restructuring of China's heavy industry, creating a domestic military major equipment assembly asset securitization precedent. The approval of the national defense authorities means a major breakthrough in the policy, the peak of domestic military asset securitization is coming. China heavy industry will be non-public issue 2.208 billion shares, to inject super large surface warships, large surface warships, military ships and other major military equipment assembly operations and related assets. China heavy Industry said that the company will strictly comply with the relevant national laws and regulations, and actively promote the non-public distribution work, and timely announcement of relevant work progress.