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China State Construction gets IPO approval
Updated: 2009-07-11 10:55
China State Construction Engineering Corporation (CSCEC), China's construction and real estate giant, has obtained regulator approval to get listed in Shanghai stock market.
The prospectus would be published on Monday. The company planned to issue 12 billion shares, raising 42.6 billion yuan ($6.26 billion), the largest flotation among the five, said the newspaper.
CSCEC is China's largest home builder, with business ranging from housing construction, international project contracting, real estate developing, and infrastructure building.
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