China Zhongwang plans 2009’s largest IPO at $1.6 bln
Monday, April 20, 2009 : PermalinkReuters – China Zhongwang Holdings, Asia’s biggest maker of aluminium extrusion products, began marketing on Monday for a Hong Kong IPO to raise as much as $1.58 billion in what would be the world’s largest new listing so far this year.
The company, which generates a large share of its business from the transport sector, including railways, is a beneficiary of Beijing’s 4 trillion yuan ($585 billion) economic stimulus package, a big chunk of which is being spent on infrastructure.
Tags: aluminium extrusion, asia, beijing, beneficiary, china, chunk, economic stimulus package, extrusion products, hong kong ipo, infrastructure, marketing, railways, reuters, transport sector, trillion, yuan
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