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Article: CPMC HOLDINGS STARTS SHARE SALE WORLDWIDE

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AsiaInfo Services
Article date:
November 13, 2009
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AsiaInfo Services
11-13-2009
CPMC Holdings Starts Share Sale Worldwide

HONG KONG, Nov 13, 2009 (SinoCast Daily Business Beat via COMTEX) -- CPMC Holdings Limited (SEHK: 0906), the largest manufacturer of metal packaging in China, today starts its global sale of 200 million shares at a price of HKD 5.39 apiece.

To be specific, the company plans to sell 100 million shares in Hong Kong and offer 100 million shares to international investors. It is predicted to reap HKD 984.6 million in net from the sale.

CPMC Holdings, under the wing of the Chinese state-owned conglomerate COFCO, said that about 92% of the proceeds would be used in the construction of its production equipment, and the remaining ...

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