Stocks News
- CATIC mulls listing more units
Date: 15-Mar-2007 Sources: (Shenzhen Daily)
STATE-OWNED conglomerate China National Aero-Technology Import and Export Corp. (CATIC) is considering floating selected assets on the stock market prior to an eventual listing of the entire group, a senior company executive said yesterday.
'We hope to list all our assets eventually, but it could take at least three years due to the complexity of our corporate structure,'Tao Ruichang, CATIC's assistant president, said. CATIC, which places bulk aircraft orders with Boeing Co. and Airbus on behalf of domestic airlines, controls several listed companies, including chipmaker Shenzhen Tianma Microelectronics Co., watch maker Shenzhen Fiyta Holdings and Hong Kong-listed CATIC Shenzhen Holdings.
Sponsor Results:
