Chinese ready for IPOs

Kovac, Matt
June 2006
ICIS Chemical Business;6/12/2006, Vol. 1 Issue 23, p12
Trade Publication
The article reports on the initial public offerings (IPO) planned by China's chemical companies. Yunnan Salt and Chemical Industry is planning an IPO on the Shenzhen Stock Exchange. The firm plans to sell 70 million yuan-denominated A shares and make its stock market debut. Institutional investors will have access to 14 million shares while retail subscribers will receive the remaining 56 million shares. Jilin Qifeng Chemical Fibre also plans to raise at least $51 million in an IPO in Hong Kong. INSET: BIGGER NOT NECESSARILY BETTER.


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