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China construction giant set for massive IPO

Posted on 14 July 2009

From AFP: China State Construction Engineering Corporation, the country’s largest home builder, has said it hopes to raise more than 5.9 billion dollars in the biggest domestic IPO since early 2008.

The company obtained final regulatory approval to list on Shanghai’s stock market late Friday and planned to issue up to 12 billion A-shares, it said in a prospectus filed with the Shanghai Stock Exchange on Monday………Full Article: Source


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