China Shipbuilding Industry Group Power to raise CNY 10 billion to acquire stakes in seven company

China Shipbuilding Industry Group Power Co., Ltd. announced plans to issue new shares and swappable bonds to raise CNY 10.05 billion in funding. The new funds will be used to acquire stakes in the following companies:
-a 7.79% stake in Harbin Guanghan Power Technology Development Co., Ltd.,
-an 8.42% stake in Wuhan....

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