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Real Estate Briefing - Categorized | Developers, Emerging Trends, IPOs/Stock Market more

China urbanization to drive demand, Zoomlion says ahead of IPO

Posted on 13 December 2010

From Bloomberg: Changsha Zoomlion Heavy Industry Science & Technology Development Co., which is seeking to raise as much as $2.1 billion in a Hong Kong stock sale, said urbanization in China will continue to drive demand for construction equipment.
Spending on railways, power plants and highway construction will keep growing in the next five years, with China’s accelerating economy boosting the growth prospects for the company, Senior President Zhang Jianguo said today from London via video conference……………………………………….Full Article: Source


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