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Article: China : China train maker wins approval for 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: rakshali03
China CNR Corporation, one of the country's top two train makers, has won regulatory approval for an initial public offering in Shanghai to raise nearly US$1 billion to fund technical upgrades, Reuters reported.
China Securities Regulatory Commission, the sector regulator, posted the approval on its website late last week.
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