State-backed China Shipbuilding to raise $1.4 bln for naval buildup - Reuters India

State-backed ChinaShipbuildingto raise $1.4 bln for naval buildupReuters IndiaHONG KONG/BEIJING (Reuters) - State-backed ChinaShipbuildingIndustry(601989.SS) plans to raise up to $1.4 billion through a private share sale to buy assets used for building warships, the first time Beijing is tapping the capital market to fund its...