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Both China Ship and China Ship Defense are suspended for major events

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[Abstract]:
At the same time, it announced at the same time that the controlling shareholder China State Shipbuilding Corporation is planning major events, which may involve restructuring of the company's assets.
At the same time, it announced at the same time that the controlling shareholder China State Shipbuilding Corporation is planning major events, which may involve restructuring of the company's assets. The company's stock will be suspended from the 27th. The announcement promises to determine whether to carry out the above-mentioned major events as soon as possible, and promises to determine whether the matter constitutes a major asset restructuring within 10 trading days after the suspension.
 
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According to the framework agreement, China Heavy Industries will repurchase the shares of the subsidiaries previously obtained by eight state-owned shareholders through debt-to-equity swaps and cash injections. The framework agreement did not disclose the transaction consideration for China Heavy Industries Repurchase.