Stocks News
- Southern Locomotive plans IPO
Date: 24-Jul-2007 Sources: (Shenzhen Daily)
STATE-OWNED China Southern Locomotive & Rolling Stock Industry (Group) is planning a US$2.5 billion initial public offering (IPO) next year, ideally in both mainland and Hong Kong, the South China Morning Post reported yesterday.
Citing unnamed market sources, the report said a listing in Hong Kong depends on the final decision of the China Securities Regulatory Commission. The report also said the company had planned to launch its IPO by the end of this year, but was delayed due to a complicated restructuring process.
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