BY ESTHER FUNG
SHANGHAI?State-owned China Railway Materials Co. is planning to raise up to six billion yuan ($943 million) from the Shanghai portion of dual listing that includes Hong Kong, less than it originally forecast, as it seeks funding to strengthen its operations and expand.
China Railway Materials, which handles logistics for China's giant railroad system and supplies steel rails and diesel fuel to trains, plans to issue up to 2.77 billion A-shares in the Shanghai portion of the deal, according to a preliminary prospectus posted on the China Securities Regulatory ...
BY ESTHER FUNG
SHANGHAI?State-owned China Railway Materials Co. is planning to raise up to six billion yuan ($943 million) from the Shanghai portion of dual listing that includes Hong Kong, less than it originally forecast, as it seeks funding to strengthen its operations and expand.
China Railway Materials, which handles logistics for China's giant railroad system and supplies steel rails and diesel fuel to trains, plans to issue up to 2.77 billion A-shares in the Shanghai portion of the deal, according to a preliminary prospectus posted on the China Securities Regulatory ...
Source: http://online.wsj.com/article/SB10001424052702303567704577515891772281840.html?mod=rss_about_china
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