Independent journal on economy and transport policy
19:38 GMT+2
Cosco IPO sets off share frenzy
(Hong Kong iMail)
April 10, 2002
By Keith Wallis
MAINLAND investors have lodged applications worth a staggering 529 billion yuan (HK$498.79 billion) for shares in Cosco Shipping.
The initial public offering for the Guangzhou subsidiary of the mainland's largest shipping company, China Ocean Shipping (Group), was oversubscribed by 551 times.
Lead underwriter Citic Securities yesterday confirmed ...... Read more on Hong Kong iMail
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