Stocks News
- PetroChina seeks nod for domestic IPO
Date: 8-Mar-2007 Sources: (Shenzhen Daily)
PETROCHINA Co. is waiting for the China Securities Regulatory Commission to give its approval for the company to list on a mainland bourse, a senior executive at PetroChina's parent said yesterday.
'PetroChina is ready to issue (shares) any time,'said Zeng Yukang, deputy manager of China National Petroleum Corp., adding an initial public offering (IPO) depends on regulatory approval. Local regulators have been urging blue-chip firms that have overseas listings also to float on Shanghai's A-share market to boost the quality of domestically listed companies and promote market stability.
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