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Article: Air China plans domestic share listing
- Article from:
- China Daily
- Article date:
- July 25, 2006
- Author:
CopyrightCopyright 2006 China Daily. Provided by ProQuest LLC. (Hide copyright information)
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Air China Ltd, the nation's flagship carrier, is awaiting
government approval to issue A shares. The China Securities
Regulatory Commission will assess the airline's application tomorrow.
If approved, Air China would be the second major State-owned
enterprise to go public on the Chinese mainland following Bank of
China (BOC) after the government lifted its year-long ban on initial
public offerings (IPOs) in May. BOC was listed in Shanghai earlier
this month.
Air China plans to issue no more than 2.7 billion yuan-
denominated shares on the Shanghai Stock Exchange to institutional
and public investors, the Hong Kong-listed company said in a draft
prospectus.
The issue price would not be ...