RSSNewsletterSiteMapFeedback

Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Government / Central Government News Tools: Save | Print | E-mail | Most Read
IPO approved for leading railway contractor
Adjust font size:  ZoomIn ZoomOut

China's securities regulator formally okayed on Thursday the initial public offering (IPO) of China Railway Construction Corporation (CRCC), one of the nation's largest road and rail project contractors.

The company received the formal approval by China Securities Regulatory Commission for its plan to issue 2.8 billion yuan-denominated A shares through the Shanghai Stock Exchange and the prospectus will be released on Friday, said an official with the commission.

The official, who required anonymity, didn't disclose the specific date of listing at the Shanghai bourse.

The CRCC was preparing to issue another 1.8 to 2.07 billion shares in Hong Kong and hoped the total capital raised in Shanghai and Hong Kong could reach 4 billion U.S. dollars, according to the company's prospectus submitted for approval last month.

It said the capital raised would be used to procure construction facilities, expand the manufacturing capacity of mechanical equipment and invest in properties and railways.

Citic Securities would lead the underwriting, said the prospectus.

The CRCC established its name by building the Qinghai-Tibet railroad, Shanghai maglev rail line and the Beijing-Kowloon Railway. It also took the largest share in the bidding for civil engineering of the long-delayed express railway linking Beijing and Shanghai.

The company's total assets amounted to 155 billion yuan by the end of November 2007, with net profit reaching 2.8 billion yuan.

The Ministry of Railways said Tuesday it will expand reforms that would transform state-owned railway contractors into joint stock companies.

China plans to extend its total operating railway mileage to 100,000 kilometers by 2020 from 76,600 km at the end of 2006, demanding an investment of about 2 trillion yuan (269 billion U.S. dollars).

(Xinhua News Agency February 15, 2008)

 

Tools: Save | Print | E-mail | Most Read

Comment
Username   Password   Anonymous
 
China Archives
Related >>
- Road contractors plans 2.8 bln shares in Shanghai IPO
Most Viewed >>
-Gov't intensifies crackdown on horror videos
-Brilliant future seen for nuclear power
-Severe punishment for bribery
-Chinese Servicemen to Wear New Uniforms
-Five-year Guidelines Set for Western Development
Questions and Answers More
Q: What kind of law is there in place to protect pandas?
A: In order to put the protection of giant pandas and other wildlife under the law, the Chinese government put the protection of rare animals and plants into the Constitution.
Useful Info
- Who's Who in China's Leadership
- State Structure
- China's Political System
- China's Legislative System
- China's Judicial System
- Mapping out 11th Five-Year Guidelines
Links
- Chinese Embassies
- International Department, Central Committee of CPC
- State Organs Work Committee of CPC
- United Front Work Department, Central Committee of CPC
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright ? China.org.cn. All Rights Reserved E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP證 040089號

主站蜘蛛池模板: 欧美人禽杂交狂配动态图| 精品无码国产自产拍在线观看 | 精品福利视频网站| 国产免费福利片| h片在线观看免费| 国产高清乱理伦片中文电影| www.欧美色| 怡红院老首页主页入口| 久久99精品国产麻豆婷婷| 日韩人妻无码一区二区三区综合部| 亚洲国产AV一区二区三区四区 | 欧美成人免费在线观看| 亚洲网红精品大秀在线观看| 福利视频一二区| 午夜精品久久久久久久无码| 视频一区二区三区在线观看| 国产成人免费高清视频网址| 福利视频导航大全| 国产精品泄火熟女| 91香蕉视频下载导航| 天堂资源bt种子在线| 一女多男np疯狂伦交| 成人免费视频88| 中文字幕免费在线看线人| 日产亚洲一区二区三区| 久久亚洲sm情趣捆绑调教| 最近中文字幕2019国语7| 亚洲人成在线播放网站| 欧美性猛交xxxx乱大交极品| 亚洲欧美日韩久久精品| 永久免费毛片在线播放| 亚洲视频欧美视频| 狠狠躁夜夜躁av网站中文字幕| 免费人成激情视频在线观看冫| 精品久久久中文字幕一区| 免费香蕉依人在线视频久| 精品少妇人妻AV一区二区三区 | 欧美日韩一二三区| 亚洲欧美一区二区三区孕妇| 法国性经典xxxxhd| 亚洲精品无码不卡|