Stocks News
- Datong Coal parent plans HK listing
Date: 17-Apr-2007 Sources: (Shenzhen Daily)
DATONG Coal Mine Group Co., the parent of Shanghai-listed Datong Coal Industry Co., said yesterday that it planned to raise up to US$512 million in a Hong Kong listing by the end of 2007.
President Liu Suisheng revealed the H-share listing plan at a coal conference in Beijing. 'The initial public offering money will be invested in various coal projects, including mine and coal liquification,'Wu Yongping, the group's general manger, said. Datong Coal hopes to raise HK$3-4 billion (US$384-512 million) in the Hong Kong listing, he added.
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