Economy
Financial Markets
Commodities
Industries
Energy
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks


 
Stocks / IPOs
 Search News  Or
CSRC oks CITIC Heavy Industries' SH IPO

Apr. 2, 2012 (China Knowledge) - The China Securities Regulatory Commission, the country's securities watchdog, announced Friday that it had granted approval to the listing application of CITIC Heavy Industries Co Ltd (CITIC HIC) .

CITIC HIC, a unit of CITIC Group Corp, said earlier that it plans to launch an initial public offering on the Shanghai Stock Exchange.

The company intends to issue 685 million A shares, equivalent to 25% of its enlarged share capital.

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

The IPO of CITIC HIC is expected to become the largest one on the Chinese stock market so far this year. The company said earlier that RMB 4.13 billon of proceeds from the offering will be used to fund projects for new energy and energy-efficient equipment.






Add this     
Copyright © "2015" www.chinaknowledge.com

Send feedback or comments to: news@chinaknowledge.com

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

 E-Store

 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