CISC Eyes $928m IPO

Tuesday, September 04, 2007
According to reports, CSIC is considering launching a domestic initial public offering to raise up to $928m, state media said. CSIC, which controls Dalian Shipbuilding Industry Corp and some other domestic shipyards, will fold 16 units into one listing vehicle and float it either in Shanghai or Shenzhen, the Shanghai Securities News said. Source: Reuters

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