Shipbuilding déjà vu: Hengli eyes IPO in echo of Rongsheng heydays
Aggressive expansionism, epitomised by Hengli Heavy Industries, will be put to the test in this round of the shipbuilding upswing
Should the rumoured IPO materialise, the valuation placed on the resurrected Chinese shipbuilder will serve as a barometer for investors’ faith in the much-hyped supercycle narrative