Energy: Shanxi Coking Coal eyes HK IPO
(Shenzhen Daily)
Updated: 2006-07-04 15:34
Shanxi Coking Coal Group, one of China¡¯s biggest coke producers, aims to
raise at least HK$7.8 billion (US$1 billion) in an initial public offering (IPO)
in Hong Kong next year, the South China Morning Post reported yesterday.
The newspaper cited unidentified sources as saying Shanxi Coking Coal had
mandated Morgan Stanley, JP Morgan, Deutsche Bank and BOC International to
arrange the share sale.
The sources said the listing would involve major restructuring and it was
hard to say whether the company could go public in the first half of next
year.
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