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Article: China : Metallurgical Corp to raise $5.3 billion in Shanghai and Hong Kong.
- Article from:
- TendersInfo
- Article date:
- September 9, 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
Investors wishing to get a head start on China Metallurgical Corporation's IPO can buy between 1,000 and 2 million shares of the company today, according to a statement filed with the Shanghai Stock Exchange (SSE).
The metallurgical and infrastructure construction powerhouse's IPO, to be launched at the end of the month, is expected to be the second largest offering of the year on the Chinese markets.
Its issuance price will range from 5 yuan ($0.73) to 5.42 yuan ($0.79) with a price-to-earnings ratio of 20.63 to 22.36, according to Chinese accounting standards, another statement filed with Shanghai's stock exchange said ...