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Article: China: China CNR Corp wins approval for Shanghai IPO.
- Article from:
- TendersInfo
- Article date:
- August 24, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) 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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Byline: pinto03
Reuters reported that China CNR Corp, one of the country's top two train makers has won regulatory approval for an initial public offering in Shanghai to raise nearly USD 1 billion to fund technical upgrades.
China Securities Regulatory Commission, the sector regulator, posted the approval on its website late on Friday.
Beijing based CNR which vies with China South Locomotive & Rolling Stock Corp to become the country biggest train maker ...