CAPITAL MARKETS

Chinese coal IPO to raise US$2 billion

IN WHAT is likely to be the year’s biggest initial public offering by a Chinese company, China’s largest coal producer Shenhua Group will list on the Hong Kong stock exchange in a share sale worth as much as US$2 billion.

Angie Tomlinson

Chinese coal IPO to raise US$2 billion

Deutsche Bank and Merrill Lynch are the forerunners to manage the listing and CICC, a local joint venture between the state-owned China Construction Bank and Morgan Stanley, is also set to be appointed...

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