Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

 Search News  Or
CITIC Heavy Industries eyes RMB 41.3 bln from SH IPO

Mar. 27, 2012 (China Knowledge) - CITIC Heavy Industries Co Ltd (CITIC HIC), the largest mining machinery manufacturer and one of the largest heavy machinery manufacturers in China, announced yesterday that it plans to launch an initial public offering on the Shanghai Stock Exchange.

CITIC HIC, a unit of CITIC Group Corp, said that it plans to issue 685 million A shares, equivalent to 25% of its enlarged share capital.

The company did not disclose its fund-raising target in the deal but said that RMB 4.13 billon of proceeds from the offering will be used to fund projects for new energy and energy-efficient equipment.

CITIC Securities Co<600030><6030> and Zhong De Securities have been hired as joint lead underwriters for the deal.

The China Securities Regulatory Commission, the country's securities watchdog, said yesterday that it will review the listing application of CITIC HIC on Mar. 30.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved