December IPO

17 March 2008

China Railway Engineering, one of China's largest contractors, plans to raise up to US$ 4 billion from an Initial Public Offering (IPO) of shares in December. The subscription period for shares was expected to start as iC went to press, with trading scheduled for December 7. The shares will be listed on both the Shanghai and Hong Kong stock exchanges, and about 40% of the company's share capital will be sold.

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