Shipbuilder tells Shenzhen exchange of only 4 of its 28 lost orders

Shenzhen-listed shipbuilder Sainty Marine (002608.SHE) withheld news of 29 lost orders from said exchange, Caixin reported, citing data from industry research firms and information from a shipbuilding executive. The firm told the stock market that buyers had canceled four orders in May, but the remainder – worth RMB6 billion (US$966.3 million) – remained undisclosed. Regulators had warned the company in April that it could be delisted at the end of the year if it did not address its financial problems. Chinese shipbuilders in general received nearly three-quarters fewer orders in the first half of 2015, according to the China Association of the National Shipbuilding Industry.