chinese-port-builder-taps-into-demand-for-infrastructure-plays

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 arranged by BOC International, Merrill Lynch and UBS.

ôInfrastructure is the flavour of the day. Everybody wants to own a piece of it. And like the banks, this company is a direct play on...
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