Stocks News
- China Railways plans Hong Kong IPO
Date: 5-Jan-2007 Sources: (Shenzhen Daily)
CHINA Railways Construction Corp., which builds train lines, highways and airports, plans to raise up to US$2 billion from an initial public offering (IPO) in Hong Kong, the South China Morning Post reported, citing unnamed market sources.
The deal is expected early next year due to the extensive restructuring the company needs to go through to prepare for a listing, the newspaper said.
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