CSSC Offshore Plans Subsidiary Share Reduction

CSSC Offshore & Marine Engineering (Group) Company Limited Class H (HK:0317) has released an update.

CSSC Offshore & Marine Engineering (Group) Company Limited disclosed that its subsidiary, CSSC International, intends to sell up to 34.59 million H shares, aiming to keep the sale price above HK$12.73 per share, with the reduction not exceeding RMB500 million. This move is part of a shareholding reduction plan set to conclude by the end of December 2024. The company assures that the controlling shareholder CSSC will remain in its position and that the sale will not materially affect the company’s operations or future development.

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