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 that is said to be involved. At the moment, the company is also said to be undecided whether to combine the offering with an ADR and which of its many assets should be included in...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222