China Railway Materials Commercial Corp CRM, a leading provider of railway construction materials and logistic services, plans to raise Rmb10 billion $1.5 billion from a dual-listing in Shanghai and Hong Kong next year -- a move seen by analysts to take advantage of Beijing's railway-building spree.
Liu Guoping, vice-president of CRM, said the group plans to complete a company restructuring by the end of August and to offer A-shares in Shanghai and H-shares in Hong Kong in 2011....