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Article: Ti Logistics Briefing & News: China plans huge share offerings to fund rail expansion.
- Article from:
- M2 Presswire
- Article date:
- July 6, 2009
CopyrightCOPYRIGHT 2009 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-6 July 2009-Transport Intelligence Ltd: Ti Logistics Briefing & News: China plans huge share offerings to fund rail expansion(C)1994-2009 M2 COMMUNICATIONS
RDATE:07062009
by Thomas Cullen.
Information emerging from China suggests that the authorities there are attempting to raise capital for investment in rail infrastructure through an Initial Public Offering (IPO). Press reports based on comments from unnamed officials within the Beijing administration said that the IPO would be floated on the Hong Kong stock exchange and would raise 'as much as US$5bn'.
The rail lines earmarked for this equity offering would be those ...