HK Regulator Approves China South Locomotive IPO

14.07.2008 (17:58)

China South Locomotive & Rolling Stock Corp Ltd, the country's biggest train maker, has won approval from the Hong Kong Stock Exchange for an IPO, which, combined with one in Shanghai, is expected to raise $2 billion, Reuters reports referring to a source close to the deal.

Beijing-based South Locomotive, which also makes railway equipment, plans to sell up to 2 billion shares in a Hong Kong initial public offering and launch its Hong Kong IPO pre-marketing this week, the source said. It targets a listing in early August.

The company has not yet started investor education for its planned A share listing in Shanghai.

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China to Spend 150 Bln Yuan on Railways in Coal Region

26.12.2008 (16:43)

China plans to spend more than 150 billion yuan ($21.8 billion) over the next six years to add some 2,000 km of railway track in the coal-rich region of northern Shanxi province, PortNews reports referring to the Xinhua news agency.

China to Spend $730.6bn on Railways

22.12.2008 (17:59)

China will spend ¥5t ($730.6bn) until 2020 to add 41,000km (25,480 miles) to its already big rail network, state media said, as the government tries to boost domestic demand and ease strains on a jammed system.

Chinese Shipbuilding Down by 44%

18.12.2008 (16:52)

Chinese shipyards reported a 44 per cent drop in new orders in the first eleven months of 2008, compared to the world average of a 37 per cent decline.

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Dear Readers!

30.12.2008 (14:31)

RZD-Partner Editorship wishes you Happy New Year!

Tractor Plants Listed on Frankfurt Bourse

30.12.2008 (12:39)

A holding company for Russia's top heavy machinery manufacturer Concern Tractor Plants group of companies has successfully completed a listing procedure on the Frankfurt stock exchange.

Gazprom's IFRS Half-yearly Net Profit up 80% to $19.6 Bln

30.12.2008 (12:09)

Russian energy giant Gazprom said on Tuesday its first-half yearly consolidated profit under International Financial Reporting Standards (IFRS) attributable to equity holders rose 80%, year-on-year, to 573.76 bln rubles ($19.6 bln).