Chongqing Machinery plans $200 million IPO
One of western ChinaÆs largest industrial conglomerates seeks capital to increase production capacity.
Unaffected by last week's earthquake in western ChinaÆs Sichuan province, Chongqing Machinery and Electric Co, has launched pre-marketing for a Hong Kong listing that is expected to raise about $200 million. Sources say that the company will use the money to expand its production lines, many of which ôare running at 100%ö.
Based in the city of Chongqing in Sichuan province, the company is one of western ChinaÆs largest industrial conglomerates in terms of revenues. It designs, manufactures and sells...
To continue reading, please login or register for free