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Article: HUATAI SECURITIES PREPARES FOR IPO IN Q1 2008
- Article from:
- AsiaInfo Services
- Article date:
- November 8, 2007
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AsiaInfo Services
11-08-2007
Huatai Securities Prepares for IPO in Q1 2008
NANJING, Nov 08, 2007 (SinoCast via COMTEX) -- Huatai Securities is to renew itself to be a limited liability company for further preparation of the expected listing in the first quarter 2008, said its shareholder Jiangsu Hongtu High Technology Company (SHSE: 600122).
The securities company firmly denied the rumor that it would go public by means of reverse takeover, stating it will float shares via an initial public offering (IPO).
The Jiangsu-based securities brokerage will see its total capital stock reach 4.5 billion shares, and proportion of the shares the existing shareholders take will remain unchanged. Jiangsu ...