Sinotrans journeys to flotation

China''s sprawling transportation giant, Sinotrans, is planning an international listing.

The company is said to be in the final stages of deciding which banks will lead manage a roughly $500 million to $600 million offering. One out of three international banks shortlisted - Deutsche, HSBC and Salomon Smith Barney - is expected to be selected alongside one local bank - either BOCI or CICC.

A fourth quarter listing on the Hong Kong Stock Exchange has been targeted, although this may prove a little optimistic given the restructuring work...

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