China Heavy Industry (601989.SH) is planning to be absorbed and merged by China Shipbuilding, and the stock may be delisted.

Intelli-Wealth Financial News App: China Heavy Industries (601989.SH) has announced that the company plans to be absorbed and merged by China Shipbuilding, resulting in the company losing its independent entity status and being deregistered. According to relevant regulations, the company may apply to the Shanghai Stock Exchange for voluntary delisting. The Shanghai Stock Exchange will make a decision on whether to approve the delisting of the company's shares within 15 trading days after receiving the company's application for voluntary delisting. If the Shanghai Stock Exchange approves the delisting of the company's shares, the company will be delisted and stop trading within 5 trading days from the date of the announcement of the delisting decision. The shares of the company voluntarily delisted will not enter the delisting consolidation trading period.