CSIC set to launch IPO

Hui Ching-hoo - Wednesday 25 November 2009

CSIC, a subsidiary of Chinese second largest shipbuilder China Shipbuilding Industry Corp, will start preparatory work for its initial public offering on November 26.
The long-awaited listing is expected to raise up to $1bn for the state-owned shipbuilder. Under the listing plan, CSIC will sell as many as 1.9bn shares, equivalent to 30% of its sha...

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