Stocks News
- Shanghai News
Date: 31-Jan-2007 Sources: (Shenzhen Daily)
CHONGQING Iron and Steel Co. Ltd. said it would kick off the process to issue 350 million A shares via the Shanghai Stock Exchange on Tuesday, raising funds for technical upgrading.
Based on the company's Hong Kong-listed A shares, which closed at HK$2.53 Monday, it would be able to raise US$114 million.
The Hong Kong-listed company would start book building Tuesday and subscription Feb. 6, it said in a share issue prospectus published in the official Shanghai Securities News.
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