Railroads News
- China Railway sets IPO issue price
Date: 26-Nov-2007 Sources: (Shenzhen Daily)
CHINA Railway Group, the world's No. 3 construction contractor by revenue, Friday set the issue price for its Shanghai initial public offering (IPO) at 4.80 yuan (65 U.S. cents) per share, at the top end of an indicated range.
The price compares with an indicated range of 4 yuan to 4.80 yuan per share. China Railway is expected to list in Shanghai on Dec. 3 and in Hong Kong on Dec. 7.
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