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Sovereign Wealth Funds Briefing - Categorized | Market

CSCEC to launch largest domestic IPO this year

Posted on 14 July 2009

From China Knowledge: China State Construction Engineering Corp (CSCEC), the country’s largest civil engineering company, will float 12 billion shares in an initial public offering (IPO) in Shanghai next month to raise as much as RMB 42.6 billion.
CSCEC has finished transferring 1.2 billion shares to China’s National Social Security Fund (NSSF), the country’s national pension fund, and is thus one step nearer to its share offering……….Full Article: Source


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