Chinese port builder taps into demand for infrastructure plays
China Communications Construction sets price range for IPO of up to $2.07 billion with $80 million reserved for corporate investors.
Infrastructure company China Communications Construction Company CCCC will further test the Hong Kong marketÆs ability to absorb large equity deals when it starts the formal roadshow for its initial public offering today, aiming to raise up to HK$16.1 billion $2.07 billion.
However, the companyÆs position as ChinaÆs largest designer and builder of ports and its current plans to move into railway construction should ensure plenty of interest in the stock, according to market watchers. The deal is being...
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