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| Thursday, November 20, 2008 23:53:19 |
Sinosteel geared up for dual listing
Chinese commodities trader Sinosteel Corp has hired BOC International, JP Morgan, and UBS as underwriters for a dual listing in Shanghai and Hong Kong in the third quarter of this year, the Shanghai Securities News reported. It is hoping to raise US$1.68 billion (RMB12 billion). A securities analyst said it would use the funds to secure commodities supplies offshore. Sinosteel has been expanding access to offshore resources in recent years through acquisitions in Australia, Indonesia and Zimbabwe. Its efforts ...
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