(China Daily)
Updated: 2007-07-24 11:21

China Southern Locomotive & Rolling Stock Industry (Group) plans to raise at least $2.5 billion in an initial public offering next year, the South China Morning Post reported, citing unidentified people.

The State-owned company wants to sell stock on the mainland and in Hong Kong, the newspaper reported. The China Securities Regulatory Commission needs to approve the plan to sell shares.