CRCC High-Tech Equipment on track for HK IPO

The listing of the track maintenance equipment maker is part of state-owned parent CRCC's broader strategy to improve capital structure and enhance the market value of assets.

CRCC High-Tech Equipment on track for HK IPO

CRCC High-Tech Equipment, the track maintenance equipment manufacturing unit of state-owned China Railway Construction Corporation CRCC, filed an application for an initial public offering on the Hong Kong Stock Exchange on Friday.

The company is aiming to raise at least $300 million from the IPO, according to a source familiar with the matter. Senior management of the company hopes to complete the IPO process by the end of the year, the source added....

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition

EVENTS