By Jessie Ho
State-run China Shipbuilding Corp's second attempt to privatize has failed, after the second round of bidding to sell a majority of its shares did not draw the required number of bidders.
The nation's largest shipbuilder received just two bids, while government regulations stipulate that there must be at least three. The bids came from Taiwan Maritime Transport Ltd (TMT) and a team led by China Steel Corp, Fan Kuang-nan, president of China Shipbuilding, said in a telephone interview yesterday
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