Stocks News
- Sinopacific seeks US$660m IPO
Date: 15-Aug-2007 Sources: (Shenzhen Daily)
SHIPBUILDER Sinopacific Shipbuilding Group is planning to raise about US$660 million in a public listing in the domestic A-share market in June 2008, its chief said Monday.
CITIC Bank Corp. will underwrite the Sinopacific listing, its chairman and chief executive officer Simon Liang told reporters in an interview. Sinopacific expects to book turnover this year of 5 billion yuan (US$660.3 million), as it grows from a company that started by building three ships in 2003, Liang said.
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