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Article: China : CSRC gives green light to China CNR s IPO application.
- 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
The China Securities Regulatory Commission, the country's stock market watchdog, said on its website that it has given approval to the initial public offering application from China CNR Corp Ltd, one of the country's two leading train manufacturers.
Reportedly, China CNR has hired China International Capital Corp, Huatai Securities and Huarong Securities as underwriters for the new share offering.
According to China CNR's IPO prospectus, the company plans to issue up to 3 billion A shares on the Shanghai Stock Exchange, accounting for not more than 34.09% of its enlarged share capital. Proceeds from the ...