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


 
Stocks / IPOs
 Search News  Or
China Railway Materials eyes RMB 6 bln from SH IPO

Jul. 9, 2012 (China Knowledge) - China Railway Materials Co Ltd, state-owned logistics enterprises, plans to raise up to RMB 6 billion through an initial public offering on the Shanghai Stock Exchange.

The company plans to issue no more than 2.77 billion shares in Shanghai, said it in a prospectus posted on the website of the China Securities Regulatory Commission.

CITIC Securities Co<600030><6030> will be sponsor for the Shanghai offering.

Proceeds from the Shanghai IPO will be used to expand the firm's domestic logistic bases and operating networks and to replenish its working capital.

China Railway Materials also said that it would seek to offer 1.25 billion shares in Hong Kong, excluding an over-allotment.







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