CREC Filed for Listing in Shanghai - ResearchInChina

Date:2007-11-05liaoyan  Text Size:
Asia's largest railway and tunnel contractor China Railway Engineering Corporation's (CREC) A-share listing application is scheduled to be examined by the Chinese Securities Regulatory Committee (CSRC) on November 5, according to the company's filing with the CSRC on November 1. CREC plans to issue a maximum of 4.7 billion shares to raise 12 billion Yuan on the domestic A-share market before its listing on the Hong Kong Stock Exchange. The company recorded 75.7 billion Yuan in revenue and 1.4 billion Yuan in net profit in the first six months of 2006. Also on November 5, China's largest oil and gas producer PetroChina Company Limited (PetroChina) (601857.SH; 0857.HK; NYSE: PTR) is expected to raise 66.8 billion Yuan on the Shanghai Stock Exchange in the world's largest IPO this year.
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