Article: NEW CENTURY DEPARTMENT STORE PLANS HK IPO


AsiaInfo Services
09-03-2009
New Century Department Store Plans HK IPO

CHONGQING, Sep 03, 2009 (SinoCast Daily Business Beat via COMTEX) -- In order to help its subsidiary New Century Department Store Ltd. go public on the Stock Exchange of Hong Kong, Chongqing General Trading Group yesterday communicated with Deloitte & Touche, said sources.

The talks focused on such aspects as the market rules, the preparations for the listing, and financial requirements. But no detailed timetable for the listing was worked out.

Insiders stressed that New Century Department Store needed to apply to the China Securities Regulatory Commission (CSRC) for its Hong Kong IPO first of all, according to ...

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